The cumulative worth of listed stocks on the Nigerian Stock Exchange (NSE) increased by N52billion at the sound of the closing gong on Wednesday January 23 as bargain hunters raised stakes in more value counters currently trading at low prices.
Access Bank Plc, UBA Plc, FCMB Group Plc, Zenith Bank Plc, and Fidelity Bank Plc were actively traded stocks on the Bourse. In 3,405 deals, stock dealers exchanged 376,261,350 units valued at N2.967billion.
The All Share Index (ASI) closed at 30,878.56 points against the preceding day low of 30,736.88points, representing 0.46percent increase. At the close trading, 21 stocks gained as against 10 losers.
The value of listed equities –the market capitalisation increased to N11.514trillion as against N11.462 trillion recorded the preceding trading day, representing N52billion increase. Year-to-Date (YtD) returns currently stands at -1.76percent.
GTBank Plc recorded the highest price gain after its shares advanced from N32.1 to N33, adding 90kobo or 2.80percent. Also, Stanbic IBTC Holdings Plc gained 50kobo or 1.06percent, from N47 to N47.5.
Fidelity Bank Plc advanced by 20kobo or 9.57percent, from N2.09 to N2.29. Zenith Bank Plc also recorded 20kobo gain or 0.92percent, from N21.8 to N22; while FBN Holdings Plc gained 10kobo or 1.37percent, from N7.3 to N7.4.
Forte Oil Plc occupied the topmost position on the losers table after its share price declined from N30 to N29.5, losing 50kobo or 1.67percent. Also, UAC of Nigeria Plc share price decreased from N8.9 to N8.5, representing 4kobo or 4.49percent.
NEM Insurance Plc dipped from N2.5 to N2.39, losing 11kobo or 4.40percent. May & Baker Plc declined from N2.45 to N2.39, down by 6kobo or 2.45percent; while Lafarge Africa Plc declined from N12.6 to N12.55, losing 5kobo or 0.40percent.
Iheanyi Nwachukwu
