Nigeria stock index up 0.62 %, as Dangote Sugar, CI leasing, Air Service lead gainers

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    Equities trading activities on the Nigerian Stock Exchange continued a positive trend to the third consecutive session today as the All share index was buoyed by 0.62 percent, following a sector wide rally.

    All sectoral indices closed in a positive terrain save for the NSE Oil and Gas Index which closed 0.19 per cent lower than its opening figure on account of a 3.59 percent value decline recorded in Mobil, while the NSE Banking Index recorded the highest growth of 1.57 per cent.

    Consequently, the NSE ASI which opened at 36,905.06 points added 230.17 points to close the day at 37,135.23 points while the Market Capitalisation settled at N12.8trn following a gain of N79bn.

    The day’s performance increased Month to Date to 3.55 per cent while year to date returns advanced to 39.3 per cent.

    Dangote Sugar emerged the day’s top gainer with an appreciation of 9.80 per cent to close at N14 per share, CI Leasing came next with an increase of 9.09 per cent to close at 96 kobo per share and Air Service added 4.94 per cent to close at N5.52 per share.

    Livestock Feeds and CCNN came fourth and fifth on the gainers table respectively to close at 85 kobo and N8.94 per share respectively.

    On the other hand, Cutix led the losers with a decline of 5 per cent to close at N2.09 per share. This was followed by Nigerian Police Force Microfinace Bank which fell 4.76 per cent to close at N1.20 per share while May&Baker lost 4.66 per cent to close at N3.07 per share. Mobil declined by 3.59 per cent to close at N232 per share and AIICO Insurance was down 3.39 per cent to close at 57 kobo per share

    Investors in 4,207 deals moved a total of 412.1mn shares valued at N4.7bn as against 251.0 mn shares in 4,047 deals valued at N3.78bn traded in Wednesday

    Livestock Feeds topped trading activities with the sale of 134.5mn shares worth N134.2mn, Access Bank came next with the sale of 73.5mn shares worth N735.5mn and Guaranty traded 48.9mn shares valued at N1.95bn.

    Other stocks that topped activity chart were Transcorp which sold 23.4mn shares worth N33.7mn, and Zenith Bank with the sale of 18.1mn shares worth N456.0mn

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    Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA). He currently lives in Manhattan New York

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