JULY 17, 2017: TOP GAINERS' GAME AT NIGERIAN STOCK MARKET

At the Nigerian stock exchange today Monday, July 17, 2017, the three top gainers played a little game of top to bottom lead. 

The top gainer in terms, Unilever up double digit 10.24%, ended up as the 3rd highest by Naira gains while the 3rd by % 7up Bottling, led in Naira terms.

7up added N5.72 per share to top the day's Naira gains but this came to 6.41%.

Unilever Nigeria's N3.38 per share gain narrowly beat Nigeria Breweries N3.36 per share to the 3rd spot while Forte Oil with N4.33 per share or 7.71% was second on both measures.

The All shares index continued its slow and steady recovery by 0.12% to 33,301.43 more or less riding on the back consumer goods which lone ranged with 1.29% rise in its index to 778.69.

In all there were 26 price losers, ahead of the 23 gainers but normally ASI and by extension market capitalisation is hit more by Naira gains and losses.

In this regard, though more in number, price losers went down with too little to sway ASI downward. 

Top Naira drop was by International Breweries, down N1.46 per share or 4.64% and it turned out to be the only one with N1 and above decline.

Closest to it was NASCON down N0.47 per share or 2nd placed 4.95%.

The lead % drop was by Oandp, down 9.54% or N0.72 per share.

There was 3.59% increase in traded volume to 322.8m shares principally as offload of 150m units was recorded in Niger Insurance at par in 6 deals worth N75m.

Trailing from a very long distance were lead 533 deals recorded in FBN Holdings for 35.97 shares worth 3rd ranked N213.76m.

Indeed, because the offload was traded at such a low price, traded value dropped by 16.4% to N2.73bn although number of deals rose by 23% to 3830.

Top 10 equities by traded value ended with above N100m each with GTB pacing with N330.03m in 3rd placed 242 deals for 9.035 units and closing 0.03% up in price.

A bit close, Flour Mills followed with N320.38m worth of 9th ranked 102 deals for 12.256m while closing up by 5% or N1.25 per share.

However, FBN's lead number of deals was followed by Forte Oil in which 319 deals were sealed for 1.39m worth N64.4m.

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