Nigerian Stock Exchange All-Share Index Rises By 0.17%

Equities edged up on Thursday, lifting the major market indicators marginally.

Following gains by 23 stocks, as against 19 losers, the Nigerian Stock Exchange All-Share Index rose by 0.17 per cent or 50.92 basis points to close at 30,359.47 basis points.

The market capitalisaiton of the listed equities also rose by 0.17 per cent or N18bn to close at N10.451tn, a day after it rose by 0.16 per cent or N16bn to close at N10.433tn.

Apart from the NSE Oil and Gas Index and the NSE Industrial Index which declined, as well as the NSE Alternative Securities Market that closed unchanged, all other indices appreciated.

The NSE Premium Board Index rose by 0.36 per cent to 1,662.71 basis points, the NSE Main-Board Index gained 0.06 per cent to close at 1,429.86 basis points, while the NSE 30 Index advanced by 0.25 per cent to 1,383.05 basis points.

The NSE Banking Index also rose on Thursday, gaining 0.6 per cent to close at 324.85 basis points.

Okomu Oil Plc led the gainers, rising by 4.98 per cent or N1.35 to close at N28.47 per share.

Julius Berger Nigeria Plc rose by 4.95 per cent or N2.08 to close at N44.08 per share, while Unity Bank Plc and UAC of Nigeria Plc were up by 4.80 per cent and 4.76 per cent to close at N1.31 and N33 per share, respectively.

e-Tranzact International Plc was up by 4.74 per cent or 10 kobo to close at N2.21 per share, while Beta Glass Plc and Vono Products Plc rose by 4.53 per cent and 4.49 per cent to close at N42.70 and 93 kobo per share in that order.

Premier Breweries Plc led the losers, shedding 4.84 per cent or 15 kobo to close at N2.95 per share.

It was followed by Fidson Healthcare Plc, which fell by 4.78 per cent or 16 kobo to close at N3.19 per share.