Leadership (Abuja)
Chris Ugwu
23 December 2011
Trading activities on the floor of the Nigerian Stock Exchange(NSE) yesterday continued on the upbeat as brewery giant, the Nigerian Breweries Plc led other 29 gainers to appreciate the market performance indices.
Consequently, the All-share Index rose by 184.25 basis points or 0.9 per cent to close at 20,604.48 from 20,420.23 recorded on Wednesday, while the market capitalisation of equities appreciated by N59 billion to close at N6.514 trillion from N6.455 trillion.
Nigerian Breweries led on the gainers’ table with a gain of 5 per cent to close at N105.00 per share, while Access Bank Plc followed with a gain of 4.89 per cent to close at N4.94 per share and Red Star Express gained 4.88 per cent to close at N2.15 per share.
However, Conoil Plc , SevenUp, CAP led on the price losers’ table, dropping by 4.99 per cent to close at N30.06, N48.92 and N14.85 per share respectively, while Ashaka Cement Plc followed with a loss of 4.96 per cent to close at N11.88.
Meanwhile, a turnover of 479.03 million shares worth N2.5 billion in 3,659 deals was recorded during the day’s trading.
Financial services sector led the market transaction volume with 325 million units valued at N1.3 billion exchanged in 2,276 deals.
The Banking sub-sector of the financial services sector was the most active during the day (measured by turnover volume); with 310.2 million shares worth N1.3 billion exchanged by investors in 2,161 deals.
Volume in the banking sub-sector was largely driven by activity in the shares of Fidelity Bank and UBA Plc.
Processing Systems subsector of the ICT sector buoyed by the activities in the shares of E-Tranzact followed with a turnover of 107.4 million shares valued at N432 million in four transactions.
Also, Insurance sub-sector of the financial services sector, boosted by activity in the shares of GTA Plc ranked third with a turnover of 15.5 million shares worth N13 million in 115 deals.
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