Thursday, May 13, 2021

Nigerian Bourse records 0.41% gain, as Honeywell, Union Bank, Julius Berger lead gainers

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Bola Macaulay
Bola Macaulay is a freelance journalist based in Ibadan Oyo State. She is a graduate of Univesity of Ibadan and she's married with kids

The Nigerian Stock Exchange All Share Index (ASI) posted its 9th consecutive gain of 0.41 per cent today to close at 33,436.61 points.

The market capitalisation further advanced by N47million and closed at N11.524trillion as the consumer good sub-sector contributed significantly to the day’s positive performance through a 1.43 per cent growth in its index.

The market ended with 25 gainers against 19 losers. The day’s 25 gainers were led by Honeywell that added 8.29 percent to close at N1.96 per share, Union Bank of Nigeria followed with an increase of 5 percent to close at N5.67 per share and Julius Berger came third with a growth of 4.99 percent to close at N34.30 per share.

Unilever’s 4.98 per cent growth to close at N38.19 per share shows it continues to gain the attention of investors following an impressive half year results, released recently while Beta Glass clinched the day’s fifth gainer with a growth of 4.93 per cent to close at N57.47 per share.

Top on the day’s 19-loser list was May & Baker, with a decline of 5.02 percent to close at N2.65, AXA Mansard came next on the losers chart with a drop of 4.93 per cent to close at N2.12.

Custodian and Allied Insurance recorded a loss of 4.76 per cent to close at N3.40 per share, Continental Re-Insurance declined by 4.55 per cent to close at N1.26 while Cadbury depreciated 4.46 per cent to close at N12.

In all, investors in 3,715 deals traded a total of 2.404 billion shares valued at N21.6 billion, with UBA leading trading activities by the sale of 2.1 billion shares valued at N19.8 billion.

Continental Re-Insurance exchanged 174.4 million units at N219.8 million, while FBN Holdings sold 35.5 million shares worth approximately N208.5 million. Oando traded 13.6 million shares valued at approximately N90 million, and Skye Bank exchanged 9.3 million shares worth N5.6 million.

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