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Flour Mill, Conoil, Guinness, Others Gain as Nigerian Stock Exchange Hit N15.147 Trillion

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Nigerian Stock Exchange Hit N15.147 Trillion Market Value as Flour Mill, Conoil, Guinness Led Gainers

Buying pressure continues to fuel stock appreciation in the Nigerian Stock Exchange despite the economic uncertainties expected to hurt the Exchange outlook and drag on the nation’s productivity.

The Nigerian Stock Exchange market capitalisation gained N106 billion to close at N15.148 trillion on Tuesday, up from N15.042 trillion it settled on Monday.

While the NSE All-Share Index expanded by 0.70 percent to finish the day at 28,980.29.

Investors traded a total share of 385.599 million worth N2.914 billion in 5,283 transactions during the trading hours Tuesday.

First Bank led the most traded stocks with 81.781 million shares valued at N505.527 million. This was followed by Access Bank’s 50.721 million shares estimated at N391.235 million.

Fidelity, ETI and UBA came third, fourth and fifth with 35.187 million shares, 24.146 million shares and 20.490 million shares valued at N75.105 million, N121.172 million and N147.116 million, respectively.

Flour Mill led the top gainers’ chart after reporting an impressive 68 percent profit after tax in the first half of 2020/21.

The leading integrated food business and agro-allied Group gained N2.3 or 9.50 percent to settle at N26.5 per unit. Conoil trailed with N1.55 or 9.81 percent to N17.35 a share.

Guinness, Cadbury and GTBank appreciated by 90 kobo or 5.63 percent, 70 kobo or 9.21 percent and 60 kobo or 1.96 percent to close the day at N16.9, N8.3 and N31.25, respectively. See the details below.

Top Trades

Symbols Volume Value
FBNH 81,781,071 N505,527,223.65
ACCESS 50,720,636 N391,235,494.10
FIDELITYBK 35,187,090 N75,105,164.78
ETI 24,145,806 N121,171,775.05
UBA 20,490,505 N147,116,439.70

Top Gainers

Symbols Last Close Current Change %Change
FLOURMILL N24.2 N26.5 2.3 9.50%
CONOIL N15.8 N17.35 1.55 9.81%
GUINNESS N16 N16.9 0.9 5.63%
CADBURY N7.6 N8.3 0.7 9.21%
GUARANTY N30.65 N31.25 0.6 1.96%

Top Losers

Symbols Last Close Current Change %Change
NEM N2.06 N2.03 -0.03 -1.46%
WEMABANK N0.58 N0.57 -0.01 -1.72%
DEAPCAP N0.27 N0.27 0 0.00%
UNIONDICON N10.95 N10.95 0 0.00%
MOBIL N178.3 N178.3 0 0.00%

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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