Investors gain N16bn as stocks rally further

Stock investors booked additional N16billion gain at the close of trading on Tuesday March 5, 2019 as more equities recorded price increase. At the sound of closing gong, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) increased by 0.14percent, while the Year-to-Date (ytd) return stood at 2.36percent.

The All Share Index closed at 32,173.66 points as against the preceding day close of 32,129.94 points while Market Capitalisation closed at N11.998 trillion against the preceding day close of N11.982 trillion.

Nascon Plc stock price rallied most after its share price increased from N19.2 to N20, adding 80kobo or 4.17percent; Dangote Flourmills Plc followed after its share price moved up from N10.4 to N11, adding 60kobo or 5.77percent; while GTBank Plc joined the top gainers league after its share price moved from N37.2 to N37.6, up by 40kobo or 1.08percent.

On the laggards table, Dangote Cement Plc declined most from N197 to N196, losing N1 or 0.51percent; Red Star Express followed after its share price dipped from N5.5 to N5, down by 50kobo or 9.09percent; while UAC of Nigeria Plc decreased from N8.25 to N8.1, losing 15kobo or 1.82percent.

The volume of stocks traded increased by 75.45percent, from 228.48 million to 400.86 million, while the total value of stocks traded increased by 32.49percent, from N2.61 billion to N3.46billion in 3,885 deals.

The Financial Services sector led the activity chart with 338.6million shares exchanged for N3.01billion; followed by Services with 19.35million shares traded for N96million.


Iheanyi Nwachukwu