Mobil leads gainers table as market appreciates by N145bn

Mobil Oil Nigeria Plc yesterday led the gainers table at the nation’s stock market, appreciating by N2.85 kobo to close at N124.85 kobo.

Cap Plc followed with a gain of N1.90 kobo to close at N49.00 while FBN Holdings, Guinness Nigeria Plc and Guaranty Trust Bank Plc improved by N1.22 kobo, N0.99 kobo and N0.88 kobo respectively to close at N13.80 kobo, N163.60 kobo and 24.90 kobo.

On the contrary, Unilever Nigeria Plc recorded the highest loss for the day, shedding N2.40 kobo to close at N45.60 kobo, PZ Cussons trailed with a loss of N1.12 kobo to close at N38.00 while Beta glass declined by N1.01 kobo to close at N19.38 kobo. Other stocks that depreciated in price were International Breweries and Evans Medical Plc which went down by N0.34 kobo and N0.12 kobo respectively to close at N29.11 kobo and N2.33 kobo.

However, the Nigerian Stock Excchange (NSE) indicators appreciated by 1.17 per cent at the close transactions on Tuesday. Specifically the market capitalisation of listed equities improved by N148 billion to N12.578 trillion from N12.433 trillion recorded on Monday. Similarly, the NSE All Share Index (ASI) grow by 452.96 basis points to 39160.10 points from 38,707.14 point traded the previous day.

A review of the investment during the day showed that investors bought 409.506 million shares worth N4.420 billion exchanged in 5844 deals against 337.305 million shares valued at N3.112 billion trasacted by investors in 5078 deals.

Financial Service sector led the activities chart for the day in volume terms with account of 328.589 million shares valued at N2.872 billion in 3514 deals. Banking sub sector was the investors delight having account for 193.146 million shares worth N2.179 billion in 2071 deals.

Guaranty Trust Bank was most active in banking sub sector, accounting for 34.200 million shares worth N852.405 million traded in 530 deals while Access Bank sold 34.074 million shares valued at N272.659 million in 290 deals.

Other  financial institution sub sector enhanced by FBN Holdings followed in the financial service sector with account of 34.362 million shares cost N466.507 million in 813 deals.