A total of 37 firms made the gainers’ list at the close of trading on the floor of the Nigerian Stock Exchange on Thursday. This pushed up the NSE market capitalisation by N81bn.
The NSE realised a turnover of N1.491bn from 3,457 deals trading on 261.943 million shares.
The market capitalisation advanced to N8.9tn from N8.819tn; the NSE All-Share Index also hit 25,865.06 basis points from 25,630.62 basis points.
The highest index point recorded was 25,865.06 basis points, while the lowest and average index points realised in the course of trading were 25,630.62 and 25,734.43 basis points, respectively.
Tiger Branded Consumer Goods Plc, Livestock Feeds Plc, Diamond Bank Plc, FCMB Group Plc and Wema Bank Plc emerged as the top five gainers.
The Tiger Branded Consumer Goods shares appreciated by N0.51 (10.1 per cent) to close at N5.56 from N5.05; while those of Livestock Feeds closed at N0.92 from N0.84, gaining N0.08 (9.52 per cent).
Diamond Bank Plc share price also rose to N1.84 from N1.69, gaining N0.15 (8.88 per cent; and that of the FCMB gained N0.09 (8.26 per cent) to close at N1.18 from N1.09.
A total of 11 stocks depreciated in value with Flour Mills Nigeria Plc, University Press Plc, Unilever Nigeria Plc, UAC Property Development Company Plc and NEM Insurance Company Nigeria Plc emerging as the top five losers.
Flour Mills share price fell to N22.58 from N23.76, losing N1.18 (4.97 per cent); while that of the UPL closed at N4.90 from N5.15, depreciating by N0.25 (4.85 per cent).
Presco Plc, Lafarge Africa Plc, Stanbic IBTC Holdings Plc, Sterling Bank Plc, Africa Prudential Registrars Plc and UACN Plc also recorded losses in their share prices.
As part of efforts to further improve market transparency and integrity, provide timely information for investment decisions as well as enhance the protection of investors in the capital market, the NSE this week said it had commenced the use of enhanced Compliance Status Indicator codes on the ticker tape for listed companies.
Under this initiative, the Exchange will tag all listed companies with a three character code that indicates the compliance status of the listed company at any particular point in time. This compliance code will enable investors to make informed decisions whilst ensuring a transparent market guided by timely information.
In all, the Exchange plans to review the codes currently existing in the X-Compliance to make them more robust and informative as well as include new codes to provide investors with timely information.
According to the General Counsel and Head of Regulation at the NSE, Ms. Tinuade Awe, “The revision of the existing codes and introduction of new CSI codes complements existing compliance structures of the Exchange and it will work in tandem with the X-Compliance Report, which we publish weekly on our website. This initiative of the Exchange, which is in line with global best practices, is designed to maintain market integrity and protect the investors.”
Source:© Copyright Punch Online
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