Nigeria Bourse : 12.5 billion naira on 541.2 million shares

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Investors at the close of trading on the floor of the Nigerian Stock Exchange (NSE), Wednesday placed a total of 12.5 billion naira on 541.2 million shares in 16,890 deals.

Market capitalisation rose from 11.612 trillion naira recorded in previous day transanctions to 11.900 trillion naira at the close of trading Wednesday.

Similarly, the all-share index increased from 60,069.86 to 61,557.70 points on Wednesday.

On the gainers’ table, Conoil Nig. Plc led with N5.50 to close at N122.00, United Bank for Africa (UBA) Plc followed with N2.37 to close at N60.12 and Zenith Bank Plc also gained N2.36 to close at N49.60.

Nestle Nig. Plc led the losers’ table with N5.50 to close at N213.50, United Africa Company (UAC) Plc followed with a loss of N2.28 to close at N48.12 while Costain (West Africa) Plc lost N2.24, closing at N42.57.

The banking sub-sector led on the activity chart, measured measured in turnover volume with 292.4 million shares worth 10.billion naira traded in 8,630 deals.

United Bank for Africa Plc (UBA), First Bank of Nigeria Plc and Intercontinental Bank Plc shares boosted the activity in the sub-sector.

Insurance sub-sector followed on the activity chart with a turnover of 157.4 million shares valued at 595.7 million naira in 3,149 deals.

The shares of Universal Insurance Plc, Goldlink Insurance Plc and Consolidated Hallmark Insurance Plc were those that boosted the activity in the sub-sector.

The conglomerate sub-sector returned to the third position on the activity chart after being displaced by the food/beverages and tobacco subsector, as it posted a turnover of 23.6 million shares valued at 288.6 million naira in 603 deals.

Transnational Corporation of Nigeria maintained its lead in the sub-sector as the most traded stock, followed by United Africa Company of Nigeria Plc (UBA) and A.G.Leventis Nigeria Plc .

The shares of the three companies boosted the activity of the sub-sector. Panapress .

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