Wednesday, 21 September 2016

Dangote, 14 Others Gain N127bn On Stock

Equity transactions on the floor of the Nigerian Stock Exchange (NSE), yesterday, favoured the Dangote Cement Plc and 14 other companies listed on the nation’s bourse with N127bn gain.
The recorded profit pushed up benchmark index by 1.33 percent as the NSE All-Share Index (ASI) appreciated 370 basis points to close at 28,209.93 absolute points, and market capitalisation, also closing higher at N9.690 trn.

While the trading session favoured the 15 gaining stocks against 14 declining ones, 10 other stocks traded and closed the session on flat prices.
The Dangote Cement Plc gained N6.79 kobo to close at N183 per share, Total Plc followed by appreciating N6.50 kobo and closing at N269 per share and Conoil Plc occupied the third position on the chart by gaining N3.59 kobo to close at N38.69 kobo per share.
Other advancing stocks included Stanbic IBTC, Oando Plc,
On the losers’ list were UAC of Nigeria Plc, which shed 78 kobo to close at N21 per share, Unilever Plc, losing 51 kobo to close at N45 per share and WAPCO Plc that lost 11 kobo in share price to close at N56.15 kobo per share.
Collectively, investors traded 231.5m shares valued at N2.488bn in 3,452 deals compared with a total of 328.2m shares worth N2.895bn that exchange hands in the previous session.

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