BUA Cement shares lift market capitalization by N1.377trn





Transactions on the floor of Nigerian Stock Exchange (NSE) yesterday crossed N15 trillion mark, gaining N1.377 trillion following the listing of shares of BUA Cement Plc.
BUA Cement Plc listed 33.38 billion ordinary shares value at N1.19 trillion after conclusion of  merger with Cement Company of Northern Nigeria (CCNN) and Obu Cement.
Specifically,  Market Capitalisation of listed equities closed higher by 9.99 per cent to N15.164 trillion from N 13.787 trillion reported the previous day.


The NSE All Share Index also grew by 833.09 basis points to 29395.57 points from 28562.48 points traded on Wednesday.
Investors traded 693.188 million shares worth N7.444 billion in 6634 deals against 741.821 million shares valued at N9.216 billion exchanged hands  in 7622 deals.
An analysis of the transactions showed that Dangote Cement Industry Plc led gIners table, growing by N11.00 to close at N175.00, MTN Nigeria Plc followed with a gain of N6.50 kobo to close at N116.00, Presco Plc gained N5.05 kobo to close at N57.05 kobo, Guaranty Trust Bank Plc added N1.30 kobo to close at N32.55 kobo while Wapco Plc increased by N0.55 kobo to close at N15.40 kobo.


On the contrary, Union Dicon topped losers chart during the day, dropping by N1.20 kobo to close at N10.95 kobo, Access Bank trailed with a loss of N0.80 kobo to close at N10.95 kobo, Unilever Nigeria Plc sheds N0.60 kobo to close at N19.00, United Bank for Africa down by N0.50 kobo to close at N8.35 kobo while Flour Mills Nigeria Plc declined by N0.40 kobo to close at N23.00.


The result further showed that Wapic insurance recorded the highest volume of activities during the day, exchanging 190.104 million shares worth N68.483 million, Transnational Corporation of Nigeria followed with account of 82.817 million shares valued at N89.809 million, Zenith Bank Plc traded 80.783 million shares cost N1.766 billion, FBNHoldings Plc sold a total of 41.619 million shares valued at N315.601 million, United Bank for Africa traded 39.725 million shares cost N336.999 million.

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