Guinness Top Profit Table Again, As Index Gains 0.38 Percent On Wednesday

John Okoh, Lagos

 

 

As key market indicators continue to appreciates, transaction on the floor of Nigerian Stock Exchange (NSE) on Wednesday showed that Guinness Nigeria Plc, that is currently seeking for fresh capital from existing shareholders, through right issue, topped the gainers table for the second trading day.

With the current price increases in the share of Guinness Nigeria, it’s obvious that the company right issue is selling at a discount. While Key market indicators increased by 0.38 percent, as the year-to-date return stood at 41.93 percent.

Specifically the All Share Index closed at 38,144.02 against the previous close of 37,999.56 while Market Capitalization closed at N13.147 trillion against previous close of N13.097 trillion.

Volume traded increased by 50.61 percent from 218.217 million to 328.654 million, while the total value of stock traded increased by 20.32 percent from N5.071 billion to N6.102 billion in 4,983 deals.

The Financial Services sector led the activity chart with 252.456 million shares exchanged for N1.83 billion. Consumer Goods came next with 51.391 million shares traded for N4.056 billion.

Conglomerates, Services, Oil And Gas sectors followed in that order on the activity chart as Jaiz Bank Plc, FCMB Holding Plc, FBN Holding Plc, Dangote Flour Plc and Access Bank Plc were the most active stocks by volume.

Guinness Nigeria Plc,  Jaiz Bank Plc, Nigerian Aviation Handling Company Plc, Dangote Flour Plc and Vita foam Plc emerged the highest price gainers, while Champion Breweries Plc, Livestock Feeds Plc, Conoil Plc, Continental Re Insurance Plc, and Eterna Oil Plc topped the losers chart.

A total of 103 companies shares were traded with 21 gainers and 23 losers while 59 share prices remained unchanged at the close of business on Wednesday.

 

TOP FIVE GAINERS ON WEDNESDAY AUGUST 9, 2017

PREVIOUS PRICE             CURRENT PRICE

GUINNESS:                             79.38                                    87.50

JAIZBANK:                              0.80                                      0.88

NAHCO:                                    3.41                                      3.75

DANGFLOUR:                         6.39                                      7.00

VITAFOAM:                             2.79                                      2.93

TOP FIVE LOSERS ON WEDNESDAY AUGUST 9, 2017

PREVIOUS PRICE             CURRENT PRICE

CHAMPION:                             2.79                                    2.53

LIVESTOCK:                            1.00                                    0.95

CONOIL:                                   34.58                                  32.86

CONTINSURE:                         1.33                                    1.27

ETERNA:                                   3.78                                    3.61

 

Leave a Response