Gains in SEPLAT, WAPCO, 26 Others Lift Stock Market By 13 Billion


Trading on the stock market on Tuesday closed positive, following gains in blue chip stocks.

Investors splashed out on shares of SEPLAT, First Bank Nigeria Holdings (FBNH), WAPCO and Nigeria Breweries,  MTNN, Guaranty Trust Holding Company (GTCo), Zenith Bank and United Bank for Africa(UBA).

Market capitalisation increased by N13 billion or 0.05 per cent to N26.183 trillion from N26.170 trillion on Monday.

Similarly, the All-Share Index (ASI) appreciated by 25.21 basis point to 48,568.57 points from 48,543.36 points on Monday.

The market breadth closed positive as 28 stocks advanced against 23 stocks that declined.

Accademy led the gainers’ chart in percentage terms by 10 per cent to close at N1.21 per share.

Champion followed with a gain of 9.78 per cent to close at N2.47 while Meyer rose by 9.77 per cent to close at N1.81 per share.

Neimeth also went up by 9.56 per cent to close at N1.49, while Etranzact appreciated by 9.43 per cent to close at N2.90 per share.

On the other hand, Multiverse led the losers’ chart in percentage terms by 8.70 per cent to close at 21k per share.

International Breweries followed  with 8.40 per cent to close at N5.15

Cadbury lost 7.74 per cent to close at N7.75 per share, while Japaul Gold lost 6.25 per cent to close at 30k.

Honey Flour shed 4.88.per cent to close at N3.70 per share.

Also, the total volume traded increased to 464.73 million units from 328.39 million units recorded the previous day.

Also total value of trade stood at N7.01 billion and exchanged in 6,468 deals.

Transactions in the shares of Transcorp topped the most volume chart with 123.82 million shares valued N144.56 million.

AIICO followed with 20.51 million shares worth N14.05 million, while Zenith Bank traded 19.44 million shares valued N493.42 million.

First Bank Nigeria Holdings (FBNH) traded 18.45 million shares valued N220.75 million, while Fidelity Bank transacted 18.14 million shares worth N69.05 million. (NAN)