Mobil, Total Advance as Stock Market Closes in The Green

• Mobil, Total Advance as Stock Market Closes in The Green

The Nigerian Stock Exchange (NSE) closed slightly higher on Wednesday as stocks of Mobil, Total, Unilever, etc boosted the bourse.

The stock market remained resilient as local investors continue to take advantage of undervalued stocks despite economic uncertain and rising global risk.

The NSE All-Share Index rose marginally by 0.06 percent to settle at 23,709.44 basis points, up from 23,695.90 it closed on Tuesday.

While market capitalisation of listed equities gained N7 billion from N12.349 trillion recorded on Tuesday to N12.356 trillion.

The activity level was mixed as 159.235 million shares valued at N1.540 billion were exchanged in 3,573 deals, against 155.74 million units worth N1.67 billion traded in 4,005 transactions on Tuesday.

The most traded stocks were FBNH, Access Bank and UBA with 50.772 million, 10.850 million and 9,788 million shares traded on Wednesday.

Mobil led top gainers with 9.94 percent or N16 to close at N176.9 per share. This was followed by Total with 6.75 percent or N6.5 to settle at N102.8 per share. Unilever, Stanbic and Guaranty gained 9.96 percent or N1.15, 2.63 percent or 75kobo and 2.14 percent or 45kobo to close at N12.7, N29.25 and N21.45 per share, respectively.

On the other hand, MTN Nigeria led the top losers’ table with 1.43 percent or N1.6 to close at N110 per share. Fibson and UBA added 2.85 percent and 0.82 percent to settle at N2.39 and N6.05 per share, respectively.