The Nigerian stock market extended its gains as the All Share Index (ASI) rose 0.3 per cent to settle at 37,059.21 points on account of upticks in NIGERIAN BREWERIES (+1.1%) and Banking counters – GUARANTY (+0.2%), ZENITH (+2.0%), UBA (+1.3%) and ACCESS (+4.0%). Thus, YTD gain improved to 37.9 per cent. In the same vein, market capitalisation increased by N3.0billion to close at N12.8 trillion. Also, activity level improved as volume and value traded climbed 8.2% and 50.6% to 264.3m units and N5.5 billion respectively.
Nigerian Breweries (NB) Plc led the gainers’ table as the company’s share price rose by N2.01 to close at N185.02 per share. It was followed by Stanbic IBTC with a gain of 85k to close at N38.85 and Zenith International Bank gained 45k to close at N23.50 per share. Access Bank which declared an interim dividend of 25k increased by 39 kobo to close at N10.24, while Dangote Sugar grew by 36 kobo to close at N13 per share.
Consequently, the All-Share Index grew by 96.73 points or 0.26 per cent to close at 37,059.21 against 36,962.48 recorded on Tuesday.
In the same vein, the market capitalisation rose by N34 billion or 0.27 per cent to close at N12.773 trillion compared with N12.739 trillion. Conversely, Total topped the losers’ chart for the day, shedding N11.51 to close at N228 per share. 7UP Bottling came second with a loss of N4.84 to close at N92.12 and Lafarge Africa declined by N1.49 to close at N57.01 per share.
Flour Mills depreciated by N1.33 to close at N28.52, while Unilever dipped
55k to close at N45 per share.
An analysis of the activity chart indicated that Zenith International Bank was the most active during the day, trading 57.24 million shares worth N1.32 billion. United Bank for Africa followed with an exchange of 40.59 million shares valued at N378.67 million and Guaranty Trust Bank traded 28.49 million shares worth N1.16 billion. Access Bank sold 24.55 million shares valued at N243.25 million, while FBN Holdings traded 12.09 million shares worth N72.52 million. In all, investors staked N5.53 billion on 264.29 million shares exchanged in 3,849 deals against 244.32 million shares valued at N3.67 billion transacted in 3,829 deals.
Market Statistics Wednesday, 23rd August 2017
Market Cap (N’bn) 12,773.3
Market Cap (US$’bn) 41.8
NSE All-Share Index 37,059.21
Daily Performance % 0.3
Week Performance % 2.7
YTD Performance % 37.9
Daily Volume (Million) 264.3
Daily Value (N’bn) 5.5
Daily Value (US$’m) 18.1
