• Friday, July 12, 2024
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Deals in UBA, Access, Fidelity stocks buoy market volume


 Deals recorded in the shares of United Bank for Africa plc, Access Bank plc, Fidelity Bank plc, Guaranty Trust Bank plc, and Unity Bank plc helped to boost the volume of transactions at the Nigerian bourse yesterday.

At the end of trading on the floor of the Nigerian Stock Exchange (NSE), dealers traded 306,954,816 shares valued at N3.307billion in 5,807 deals.

Market report shows that they exchanged 37,297,922 shares of UBA plc valued at N329.976million; 29,090,837 shares of Access Bank plc valued at N327.665million; 22,213,733 shares of Fidelity Bank plc valued at N70.547million; 20,933,554 shares of GTBank plc valued at N522.324million; and 19,951,048 shares of Unity Bank plc valued at N17.304million.

Investors gained about N2billion yesterday driven by marginal rally witnesses NewGold Exchange Traded Fund (ETF), and blue-chip stocks like Total Nigeria plc, Cadbury Nigeria plc, and Unilever Nigeria plc. NewGold rose from N2, 431 to N2, 444, adding N13. FBN Bond “FG9B2022S1” also rallied from N129.10 to N131.85, gaining N2.75kobo.

Other top gainers are Total Nigeria plc which garnered N2, from N159 to N161; Cadbury rose from N33.20 to N34.86, adding N1.66; while Unilever rose from N52.14 to N53.50, gaining N1.36. While the equities market capitalisation rose from N10.672trillion to N10.674trillion, the NSE All Share Index (ASI) closed high at 33,357.16 points from 33,351.70 points the preceding trading day.

On the losers’ table, Guinness led after declining from N289.90 to N281.20, losing N8.70; Nigerian Breweries dipped by N3.50 from N172.50 to N169; Nestle declined from N835 to N833, losing N2; Oando declined from N19.80 to N18.50, shedding N1.30; while PZ Cussons dipped from N40.40 to N40.06, shedding N0.34.