Fidelity bank banner UBA banner
NSE indices up 1.85 per cent

By Chinyere Joel-Nwokeoma on 25/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 689

•Stock traders on the floor the NSE
•Stock traders on the floor the NSE

Activities on the Nigerian Stock Exchange (NSE) closed on a bullish trend on Friday with the market indices improving further by 1.85 per cent, following investors’ reaction to Dangote Cement plant
commissioning.

The News Agency of Nigeria (NAN) reports that the market capitalisation inched N236 billion or 1.85 per cent to close at N13.009 trillion compared with N12.773 trillion achieved on Thursday.

Also, the All-Share Index which opened at 36,688.75 rose by 677.16 points or 1.85 per cent to close at 37,365.91.

Dangote Cement led the gainers’ table with N10 to close at N240 per share. Mr Ambrose Omordion, the Chief Operating Officer, InvesData Ltd., attributed Dangote Cement gain to investors reaction to the 300
million dollars Mfila plant commissioned by the company in Republic of Congo on November 23.

Omordion said that the Mfila plant, estimated at 300 million dollars, had potential for about 1,000 direct employment and thousands of several other indirect jobs.

He stated that investors were taking advantage of the stock in anticipation that the plant would further strengthen the company fundamentals and impact positively on its bottom line.

International Breweries followed with a gain of N4.06 to close at N58, while Nestle rose by N3.10 to close at N1,305 per share.

Flour Mills garnered N2.90 to close at N35, while Stanbic IBTC improved by N1.49 to close at N41.99 per share.

Conversely, National Salt Company of Nigeria led the losers’ chart, shedding 70 kobo to close at N15.10 per share.

PZ shed 42 kobo to close at N23, while Access Bank lost 23 kobo to close at N9.77 per share.

May and Baker dropped 10 kobo to close at N2.70, while Continental Reinsurance dipped 4k to close at N1.34 per share.

Similarly, the volume of shares traded rose by 69.44 per cent with an exchange of 870.58 million shares valued at N5.04 billion exchanged in 3,126 deals.

This was in contrast with a total of 513.80 million shares worth N6.45 billion transacted in 4,243 deals on Thursday.

Wapic Insurance was the most active, trading 650.33 million shares worth N325.17 million.

It was followed by Dangote Sugar with an account of 46.99 million shares valued at N801.40 million, while Fidelity Bank sold 22.74 million shares valued at N38.19 million.

Transcorp sold 21.99 million shares worth N29.01 million and FBN Holdings transacted 21.75 million shares valued at N151.17 million.
(NAN)


Source News Express

Posted 25/11/2017 05:24:18 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Governor cries out over May 2016 Federal allocation...

Breaking News: Oduah, Orubebe, 2 other ministers fired...

Osinbajo turns petrol seller in Lagos, Fayose supervises...

UNICEF partners FG, Bauchi, Niger, Katsina, Sokoto and...

Ozubulu killings: NANS mourns, demands thorough investigation

Wike chairs Rivers taskforce on illegal road trading...

Gowon identifies cause of Nigeria’s under-development

APGA NWC meets to prepare ground for new...

Robbers take over Ibadan communities, others

Ambode tasks judges over delay in justice delivery...

Boko Haram seizes border town: security sources

Military veterans are angry •Threaten protest over non-payment...

 

Latest News FG speaks on Boko Haram’s execution of another Red Cross worker APC reiterates it will field candidates in Zamfara Aide clarifies Umahi’s stand on Peter Obi’s nomination as Atiku’s running mate IDPs raise alarm over snake bite Nigerian passport with 10-year validity effective December — Immigration boss Malfunctioning TRACON threatens safety of Nigeria’s airspace Court fixes October 18 for arraignment of NFF Director, two others over $9.5m fraud APC House of Reps aspirant alleges sabotaging of zoning arrangement in Aguata Federal Constituency Army rolls out Cyber Warfare Command, launches app Trump raises $100M for 2020 re-election Americans moving to smaller cities in search of a better life Ugwaunyi second to none in workers’ welfare: Ngige, TUC President

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,538 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,239 views) Shameless Genevieve Nnaji exposes breasts in public (314,583 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,597 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,277 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,227 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (203,971 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,465 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,012 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,828 views) Lagos plane crash: Journalist releases victims’ names (161,396 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,215 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,680) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,532) Interview (165) Live Commentary (28) Love Matters (145) News (39,636) Opinion (1,123) Pidgin (13) Politics (7,233) Religion (880) Sports (1,731) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Fulham vs Arsenal 1-5 All Goals & Extended Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement