Equities Market Rebounds, As Dangote Cement Leads Gainers

After about a week of closing in the red, the  Nigerian equities market on Tuesday experienced a rebound when two major market indicators, the All-Share Index and Market Capitalisation, appreciated by 0.67 per cent.

Dangote Cement

Dangote Cement

The All Share Index appreciated by 203.18 basis points or 0.67 percent to close trading at 30,112.62 points compared with 29,909.44 recorded on Monday even as Market Capitalisation appreciated by N69.638 billion to close at 10.321 trillion as against N10.251 trillion recorded the previous trading day.

At the close of trading, a total of 307.989 million shares valued at N3.616 billion changed hands in 4,365 transactions as against 476.357 million shares valued at N3.650 billion in 3,841 deals the previous day, while the financial services sector recorded a total of 201.862 million shares worth N1.249 billion in 2,713 deals compared with 419.387 million shares valued at N2.008 billion in 2,363 deals recorded on Monday.

In the banking sub-sector, investors bought and sold a total of 158.812 million shares valued at N1.091 billion in 1,946 transactions as against 379.107 million shares valued at N1.801 billion in 1,642 transactions recorded the previous day.

Dangote Cement sat atop the gainers’ table when it led 11 others with a gain of 852 kobo to close at N180.00 per share followed by Vitafoam Nigeria which appreciated by 16 kobo and closed at N5.85 per share, Access Bank nicked 10 kobo to closed at N4.20 per share, First City Monument Bank appreciated by 9 kobo to close at N2.35 per share, while Nigerian Breweries notched up 9 kobo and closed at N122.10 per share, among others.

On the decliners’ table, Seplat Petroleum Development Company led with a depreciation of N12.55 to close at N258.20 per share, followed by PZ Cussons which dropped 322 kobo to close at N29.83 per share, Nestle Nigeria shed 200 kobo to close at N840.00 per share, Cadbury Nigeria lost 158 kobo to close at N30.06 per share, while Lafarge Cement WAPCO went down by 155 kobo to close at N101.50 per share, among others.

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