Stock Exchange reverses loss with 0.16% gain

Salamatu Ejembi, Lagos

Activities on the floor of the exchange have shown a bit of a significant gain with the market closing at 0.16 percent.

The market capitalisation closed at 11,151 trillion Naira, gaining 18 billion Naira when compared to Wednesday’s closing of 11,133 trillion Naira.

The All Share Index gained by 0.16 percent or 52.46 basis points, closing at 32,354.78 basis points as against previous closing of 32,302.32 basis points.

1.7 million Shares valued at 3.6 billion Naira were traded in 3,536 deals where 20 stocks gained and 23 declined.

Gainers
With a previous closing price of N7.04 per share, OANDO PLC led the gainers’ chart with 0.35 kobo or N4.97 percent when it closed at N7.39 per share.

Next is AXAMANSARD INSURANCE PLC which had a previous closing price of N2.24 per share but closed today at N2.35 per share, gaining 0.11 kobo or 4.91 percent.

Then 7-UP BOTTLING COMP. PLC followed with a gain of N3.79 or 4.85 percent, closing previously at N78.21 per share while the closing price for today is N82.00 per share.

Losers
MAY & BAKER NIGERIA PLC fell by 0.33 kobo or 9.40 percent when it closed today at N3.18 per share against previous closing price of N3.51 per share.

U.A.C.N PLC is next with a previous closing price of N17.36 per share, closing today at N16.50 per share, falling by 0.86 kobo or 4.95 percent.

FIDSON HEALTHCARE PLC which had a previous closing of N2.84 per share, closed today at N2.70 per share, falling by 0.14 kobo or 4.93 percent.

Sammie Idika