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<\/a><\/p>\nKayode Ogunwale<\/p>\n
30 December 2011<\/p>\n
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Lagos \u2014 Trading activities on the Nigerian bourse yesterday closed upwards movement with a modest gain. The benchmark indices increased with 156.75 basis points or 0.76 per cent to close in the positive territory while sentiments remained unchanged as market capitalization of 199 first-tier equities appreciated by N49 billion which is 0.75 per cent to close at N6.546 trillion.<\/p>\n
Three out of five NSE sectoral indices closed positive negative.<\/p>\n
In the meantime, a turnover of 304 million shares worth N1.411 billion in 2,490 deals was recorded during the day.<\/p>\n
Financial services sector led the market transaction volume with 220 million units valued at N878 million exchanged in 1,422 deals.<\/p>\n
The banking sub-sector of the financial services sector was the most active during the day (measured by turnover volume); with 133 million shares worth N826 million exchanged by investors in 1,320 deals.<\/p>\n
Volume in the banking sub-sector was largely driven by activity in the shares of Fidelity Plc, UBA Plc and Guaranty Trust Bank Plc.<\/p>\n
Also, insurance sub-sector of the financial services sector was boosted by activity in the shares of Guinea Insurance Plc, followed by Great Nigeria Insurance Plc and Custodian and Allied Insurance Plc.<\/p>\n
Meanwhile, Dangote Flour Plc led on the gainers’ table with a gain of N5.27 kobo to close at N110.77 kobo per share while Flour Mills Nigeria Plc followed with a gain of N2.96 kobo to close at N62.34 kobo per share and GlaxoSmithKline Plc gained N0.90 kobo to close at N23.90 kobo per share.<\/p>\n
On the other side, NewGold Plc led on the price losers’ table, dropped N162.00 kobo per cent to close at N2,422.00 kobo per share while Nigerian Breweries Plc followed with a loss of N5.23 kobo per cent to close at N99.37 kobo per share and Forte Oil Plc with N0.61 kobo to close at N11.62 kobo per share.<\/p>\n
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