Nigerian stock market opened this week on a positive noted, driven majorly by gains recorded in Guinness Nigeria plc, Forte Oil plc, Dangote Cement plc, UACN Property Development Company plc, and Champion Breweries plc.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) rose from a week-open level of 33,621.91 points to 33,719.45 points, up 97.54 points or 0.29%.
The value of listed equities rose by N34billion as equities market capitalisation closed at N11.510trn from N11.476trillion.
In 3,482 deals, equity dealers exchanged 229,724,314 units valued at N4.850bn. Actively traded stocks on the Nigerian bourse yesterday include: Access Bank plc, Flour Mills of Nigeria plc, Zenith Bank plc, GTBank plc, and FBN Holdings plc.
At the oil market, oil prices fell as the Greek debt crisis helped boost the dollar, making fuel more expensive to holders of other currencies, and as United Nations talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war.
U.S. light crude oil, also known as West Texas Intermediate (WTI), traded at $59.28, down 68 cents, by 9:37 a.m. EDT (1337 GMT). Brent crude fell $1.15 at $62.72 a barrel.
At the NSE, the share price of Guinness Nigeria plc rallied most at the Nigerian bourse by N17, from N168 to N185; followed by Forte Oil plc which garnered N4.99, from N173 to N177.99.
Dangote Cement plc also appreciated from N176.99 to N178, adding N1.01; UACN Property Development Company plc gained N0.5, from N10 to N10.5; Champion Breweries plc also gained N0.32, from N6.42 to N6.74.
PZ Cussons Nigeria plc led the losers table after its share price declined by N3, from N35 to N32; Okomu Oil Palm plc dipped from N34.9 to N33.16, losing N1.74.
International Breweries plc lost N1, from N20.01 to N19.01. Berger Paints plc declined by N0.53, from N10.61 to N10.08; while Nigerian Breweries plc lost N0.25, from N150.25 to N150.
Iheanyi Nwachukwu
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