Gains in 49 stocks boosted the Nigerian Stock Exchange market capitalisation by N211bn at the close of trading on the floor of the Exchange on Thursday, two days after the Central Bank of Nigeria’s Monetary Policy Committee announced plan to adopt flexible exchange rate policy.
The NSE had gained over N300bn on Wednesday.
Amid positive bias in policy, NSE All-Share Index added further sizeable points at the close of the session as investors increased their stake across blue chips. The session’s gains guided the ASI to its first positive year-to-date return.
The NSE market capitalisation closed at N9.917tn from N9.706tn, while the NSE ASI appreciated by 28,877.47 basis points from 28,260.61 basis points.
A total of 651 million shares valued at N5.02bn were traded in 5,796 deals.
Guinness Nigeria Plc, Oando Plc, Union Bank Nigeria Plc, Diamond Bank Plc and United Capital Plc emerged as the top five gainers.
Guinness shares appreciated by N10.23 (10.25 per cent) to close at N110.08 from N99.85, while those of Oando gained N0.67 (10.11 per cent) to close at N7.30 from N6.63.
The share price of Union Bank recorded a gain N0.51 (9.96 per cent) to close at N5.63 from N5.12, while that of Diamond Bank closed at N2.32 from N2.11, appreciating by N0.21 (9.95 per cent).
United Capital shares also appreciated by N0.21 (9.63 per cent) to close at N2.39 from N2.18.
Other gainers were FCMB Group Plc, Livestock Feeds Plc, Transnational Corporation of Nigeria Plc, Tiger Branded Consumer Goods Plc, Honeywell Flour Mill Plc, Nigerian Aviation Handling Company Plc, Fidelity Bank Plc, UACN Plc, Access Bank Plc, United Bank for Africa Plc, among others.
However, a total of six stocks made the losers’ table. They were AG Leventis Plc, Learn Africa Plc, Fidson Healthcare Plc, 7UP Bottling Company Plc, Dangote Cement Plc and Julius Berger Plc.
AG Leventis shares closed at N0.95 from N1.00, depreciating by N0.05 (five per cent), while those of Learn Africa fell to N0.73 from N0.76, losing N0.03 (3.95 per cent).
Fidson share price also recorded a loss of N0.08 (3.64 per cent) to close at N2.12 from N2.20.
At the Nigerian bourse, the consumer goods (+452bps) and financial services (+358bps) sectors led advances, while the oil and gas sector (+211bps) rebounded on the back of gains in Oando and Seplat Petroleum Development Company Limited.
The industrial goods sectors (+34bps) slowed momentum, albeit with a green close, as a decline in Dangote Cement tempered gains in Lafarge West Africa Plc
UBA topped the volume chart, trading 101 million units while Guaranty Trust Bank topped the value chart, for the second consecutive session trading 63 million units worth N1.3bn.
The NSE ASI and NSE 30 gained 218bps and 281bps, putting year-to-date returns at 0.82 per cent and 0.28 per cent, respectively.
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