• Wednesday, April 17, 2024
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BusinessDay

Deals in IHS, FBN Holdings, Access drive bull market

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With a record of about 228.5million shares which equity traders exchanged in the shares of HIS plc, FBN Holdings plc, Access Bank plc, Zenith Bank plc, and Transnational Corporation plc, it accounted for about 58 percent of the 492.8 million shares traded yesterday on the floors of the Nigerian bourse.

This value of equities on the Nigerian Stock Exchange (NSE) recorded a remarkable appreciation; evidenced in the movement of NSE All Share Index (ASI) and market capitalisation of equities.

The NSE ASI rose from 34, 301.37 points to close at 34,810.25 points while market cap rallied to N11.141trillion. This mark was achieved as investors exchanged 492.811million shares valued at N5.192billion in 6,383 deals.

Amid the market which closed positive yesterday, investors exchanged 166,760,503 shares of HIS plc valued at N353.532million; while 32,641,704 shares of FBN Holdings valued at N689.213million were also traded.

Deals statistics also showed that 32,222,876 shares of Access Bank plc worth N322.457million were exchanged by investors, while 32,190,847 shares of Zenith Bank plc valued at N712.662million exchanged hands. In a related development, 24,837,919 shares of Transcorp plc worth N34.425million exchanged hands at the Nigerian Stock Exchange.

Nestle Nigeria plc shares rallied most yesterday after trading from initial level of N960.50 to N970, adding N9.50. Dangote Cement plc followed with a gain of N5 from N156 to N165. Nigerian Breweries plc rose from N161.50 to N164.99, adding N3.49. On the losers’ chart, Mobil Nigeria plc dipped most from N124 to N123, losing N1; followed by PZ Cussons plc which lost N1, from N36 to N35, while Access Bank plc dipped from N10.50 to N9.91, losing N0.59.

 

IHEANYI NWACHUKWU