Share price appreciation recorded by 7-Up Bottling Company plc, UAC of Nigeria plc, International Breweries plc, Presco plc and Lafarge Wapco plc contributed majorly to about N42bn which the stock market capitalisation gained yesterday.
Improved buying buoyed by investors’ perception about equities impacted positively on the stock market benchmark performance indicators –the Nigerian Stock Exchange (NSE) All Share Index (ASI) and market capitalisation.
The NSE ASI rose by 0.30 percent to 42,611.30 points from 42,482.49 points while the market cap rose from N14.028trn to N14.070trn. This was achieved as equity dealers in 5,455 deals exchanged 620,844,908 units valued at N4.978bn.
7-Up Bottling Company plc led the gainers after its share price rose from N93 to N102.53, adding N9.53; UAC of Nigeria plc followed the top gainers table after moving up from N62 to N65.10, adding N3.10.
Also, International Breweries plc appreciated from N26.70 to N28, add ing N1.30; Presco plc rose from N35.01 to N36.10, adding N1.09; while Lafarge Wapco plc garnered N1.01, from a low of N111 to N112.01.
Stock that lost most after yesterday’s trading includes MRS Oil Nigeria plc, Forte Oil plc, Guinness Nigeria plc, Oando plc, and Caverton Offshore Support Group plc.
MRS Oil Nigeria plc declined from N70 to N63.18, down by N6.82; Forte Oil plc dropped from N206.30
to N200, down by N6.30; Guinness Nigeria plc also dropped from a high of N200 to N198, losing N2; Oando dipped from N29.25 to N28.50, down by N0.75; while Caverton lost N0.60, from N6.24 to N5.64.
Actively traded equities at the bourse yesterday include: Continental Reinsurance plc, Access Bank plc, Wapic Insurance plc, Transnational Corporation of Nigeria plc, and Zenith Bank plc.
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