NSE's All-Share Index rises by 0.9 per cent

MAJOR price gains recorded by some blue chip companies on the trading floor of the Nigerian Stock Exchange (NSE) yesterday enhanced market indices, as the All-Share Index rose by 0.9 per cent.With 27 companies recording price appreciation, compared to 25 that constituted the losers' chart, market capitalisation increased by N59 billion or 0.9 billion from N6,342 trillion recorded on Tuesday to N6,401 trillion while the All-share index rose by 185.43 points from 20,011.72 to 20,197.15.May & Baker topped the gainers' chart with 4.97 per cent to close at N3.97 per share, followed by Oceanic Bank with 4.96 per cent to close at N1.27 per share.Stanbic IBTC followed with 4.95 per cent to close at N9.76 per share.First Bank added 4.93 per cent to close at N12.56, while Union Homes and Prestige Assurance 4.93 and 4.92 per cent to close at N0.64 and N1.75 per share.NASCON gained 4.79 per cent to close at N5.68 per share while TransNational Incorporated added 4.60 per cent to close at N0.95 per share.However, BOC Gases and Tripple Gee led others on the losers' table with 4.97 per cent to close at N7.45 and N3.25 per share respectively, while Niwi Cable trailed with 4.92 per cent to close at N0.58 per share.Other losers of yesterday's transactions include UNTL, AIICO Insurance, Constain West Africa, shedding 4.84, 4.82 and 4.80 per cent to close at N0.59,N0.79 and N3.17 per share.On the activity chart, the banking sub-sector dominated in volume terms with 174 million shares valued at N1.3 million in 1,702 deals, followed by the insurance sub-sector with 21 million units worth N12 million.The building material sub-sector featured with six million units worth N566 million.In all, investors exchanged 237 million shares worth N2.4 billion in 3,082 deals.
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