Mobil, Total, Others Push Market 0.04% High

Share price gain led by companies like Mobil, Total Nigeria and Access Bank among others have helped to push the stock market 0.04 per cent high.

The Nigerian Stock Exchange(NSE) All- Share Index rose by 17.38 points or 0.04 per cent yesterday to close at 40,885.40 in contrast to 40,868.02 achieved on Tuesday. Similarly, the market capitalisation, which opened at N13.494 trillion, grew marginally by N6 billion to close at N13.500 trillion.

Mobil Oil topped the gainers’ table with N5.50 to close at N180 per share. Total Oil followed with a gain of N3.98 to close at N180, while Access Bank gained 40 kobo to close at N9.60 per share.

Premier Breweries appreciated by 17 kobo to close at N3.65, while Caverton and International Breweries rose by 15 kobo each to close at N5.14 and N28.26 per share respectively.

Conversely, Forte Oil topped the losers’ chart with a loss of N4.98 to close at N220.02 per share. Glaxosmithkline trailed with a loss of 70 kobo to close at N65, while Nascon lost 21 kobo to close at N9.48 per share.

CCNN depreciated by 20 kobo to close at N14.50, while Honeywell Flour mills declined by 15 kobo to close at N4 per share.

In all, a total volume of 386.565 million shares worth N3.788 billion were traded in 5,193 deals.

This was in contrast to the 1.649 billion shares valued at N46.35 billion traded in 4,782 deals on Tuesday.

UBA Capital emerged the most traded stock with 61.18 million shares worth N128.67 million in 100 deals. It was followed by Guaranty Trust Bank with 42.36 million shares valued at N1.27 billion in 298 deals, while Access Bank traded 21.35 million shares worth N196.35 in 236 deals million.

Source : Leadership

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