Finance

FCMB, Others Drive N55bn Gain in Stocks

Published

9 years ago

February 26, 2016

Champion Breweries Plc, FCMB Group Plc, Ecobank Transnational Incorporated, Stanbic IBTC Holdings Plc and Eterna Plc emerged the top five gainers after the close of trading on the floor of the Nigerian Stock Exchange on Thursday.

The firms, alongside 16 other companies, boosted market capitalisation by N55bn in one day.

The NSE market capitalisation, which stood at N8.216tn on Wednesday, rose to N8.271tn, while the All-Share Index rose to 24,883.34 basis points from 24,042.73 basis points recorded on Wednesday.

A total of 271.617 million shares, worth N1.543bn, were traded in 3,360 deals with the highest index point hitting 24,432.51. The lowest and average index points stood at 23,883.34 and 24,174.59 basis points, respectively.

Other gainers on the floor of the NSE on Thursday were Ikeja Hotel Plc, Cement Company of Northern Nigeria Plc, Unilever Nigeria Plc, A.G. Leventis Nigeria Plc, Seplat Petroleum Development Company Limited, Learn Africa Plc, Vitafoam Nigeria Plc, Nestle Nigeria Plc, Zenith Bank Plc, UAC Property Development Company Plc, and Fidelity Bank Plc.

Tiger Branded Consumer Goods Plc, Honeywell Flour Mill Plc, Dangote Cement Plc, United Bank for Africa Plc and Union Bank Nigeria Plc also appeared on the gainers’ chart.

Champion shares rose to N2.83 from N2.58, recording a gain of N0.25 (9.69 per cent), while those of FCMB gained N0.06 (7.89 per cent) to close at N0.82 from N0.76.

The shares of ETI also rose to N15.96 from N15.20, gaining N0.76 (five per cent), while Stanbic closed at N14.85 from N14.15, gaining N0.70 (4.95 per cent).

Eterna shares closed at N1.94 from N1.85, gaining N0.09 (4.86 per cent).

A total of 19 firms appeared on the losers’ table, with Unity Bank Plc, MRS Oil Nigeria Plc, Flour Mills Nigeria Plc, AIICO Insurance Plc and Fidson Healthcare Plc emerged as the top five losers.

Other losers after the close of trading on Thursday were Livestock Feeds Plc, Academy Press Plc, Africa Prudential Registrars Plc, Custodian and Allied Plc, Diamond Bank Plc, Dangote Sugar Refinery Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc, Glaxo Smithkline Consumer Nigeria Plc, and Access Bank Plc.

Nigerian Breweries Plc, Oando Plc, UAC Plc and FBN Holdings Plc also emerged as losers.

Unity Bank share price depreciated by N0.04 (5.63 per cent) to close at N0.67 from N0.71, while MRS shares lost N2.48 (4.99 per cent) to close at N47.18 from N49.66.

The shares of Flour Mills closed at N18.34 from N19.30, losing N0.96 (4.97 per cent), while those of AIICO shed N0.04 4.94 per cent) to close at N0.77 from N0.81.

The shares of Fidson also dropped by N0.13 (4.83 per cent) to close at N2.56 from N2.69.

Punch