Dangote Cement leads gainers, indices up by 3.6%

Dangote Cement traded higher at the end of transactions yesterday on the trading floor of the Nigerian Stock Exchange.
It led 32 others with 8.59 per cent to close at N164.95 per share.

Following Dangote Cement yesterday was Nigerian Breweries, adding 7.83 per cent to close at N124.00 per share.
Other gainers yesterday’s transactions include; FBN Holdings, Unity Bank, Union Bank, adding 7.61, 6.86 and 5.00 per cent to close at N5.09, N1.09 and N6.30 per share.

Stanbic IBTC added 5.00 per share to close at N15.75 per share. NPF Micro Finance Bank gained 5.00 per cent to close at N1.05 per share.
Fidson and Airservice added 4.98 and to close at N2.53 and N2.11 per share respectively.
UPL gained 4.95 per cent to close at N5.72 per share. Vitafoam also garnered 4.88 per cent to close at N5.16 per share.

However, Etranzact topped the losers chart with 5.00 per cent to close at N3.02 per share while Nigerian Aviation Handling Company followed with 4.99 per cent to close at N3.43 per share.
Diamond Bank lost 2.13 per cent to close at N2.30 per share. First City Monument Bank shed 1.79 per cent to close at N1.65 per share.

African Prudential dropped 1.63 per cent to close at N2.41 per share.
Ecobank TransNational Incorporated and Zenith Bank lost 1.63 and 1.23 per cent to close at N2.41 and N16.00 per share.
Zenith Bank dropped 1.06 per cent to close at N14.05 per share. Guaranty Trust Bank also shed 0.60 per cent to close at N18.10 per share.

Consequently, market capitalisation rose by N352 billion or 3.6 per cent, from N9,201 trillion recorded on Tuesday to N9,553 trillion yesterday, while the All-share index increased by 1014.59 points from 26,763.24 to 27,777.83.
On the activity chart, the banking subsector remains the most active stock in volume terms with 51.6 million shares worth N290 million while the conglomerates followed with 12 million units valued at N79.6 million.

The telecommunication services sub sector ranked third with 10 million units valued at N5 million.
The banking subsector was energized by activities in the shares of Sterling Bank with 15 million shares worth N27 million while Guaranty Trust Bank followed with 9 million units worth N173 million.

The conglomerates was buoyed by activities in the shares of Transnational Corporation with 9 million units worth N14 million followed by the UACN with 3million units worth N65 million.
In all, investors exchanged 1.4million shares, valued at N1.9 million in 2,559 deals.