Mobil, 7up, Wapco, others lift All Share Index by 0.81%

Mobil, 7up, Wapco, others lift All Share Index by 0.81%

The Nigerian stock market has reversed the negative trend that started the week ending on a positive note. Summary of trading showed the lead indicator, the All-Share Index (ASI) appreciated by 205.54 absolute points, representing a gain of 0.81 per cent to close at 25,471.69 points as against 25266.15 onTuesday . Similarly, the market capitalization gained 0.73 percent of about 4 billion to close at N8.81 trillion

The upturn was largely boosted by value appreciation recorded in some large capitalised stocks, amongst which are: Mobil Plc ,7Up Plc, Lafarge Plc , Forte Oil Plc , and Oando Plc.

Mobil Plc recorded the highest price gain of N32.28, to close at N347.28 per share up from 315. 7 followed by 7Up Plc with a gain of N8.89 to close at N95.89 from N87. Wapco appreciated by N4.42 per cent to close at N47.62 per share from N43. Forte Oil Plc rose by N1 to close at N46 from N45 per share and Oando Plc up by 53kobo to close at N5.78 per share from N5.25

On the other hand, PZ Cussons led the losers’ chart with 72 kobo, to close at N13.87 per share from N14.59. Ecobank Transnational Incorporated Plc shed 39 kobo to close at N8.05 from 8.44 per share, while Nigeria Breweries lost 2kobo to close at N124.8 per share from N125. UAC Nigeria Plc depreciated by 11 kobo to close at N15.01 and Transnationwide Express Plc declined by 8 kobo to close at 91 kobo per share.

Total volume traded rose by 4.2 per cent to 219.03 million shares, valued at N1.12 billion shares exchanged in 3,048 deals. Transactions in the shares of Fidelity Bank Plc topped the activity chart with 49.42 million shares valued at N39.1 million. Zenith bank Plc followed with 24.34 million shares. Guaranty Bank Plc traded 10.43 million shares worth N252.92 million, while Transnational Corporation of Nigeria sold 7.21 million shared valued N5.24million.

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