SEPT 19, 2017: GTB MAKES DAY AT NIGERIAN STOCK EXCHANGE

The Nigerian stock market today September 19 2017 closed relatively low again with GTB pacing both volume and value while Nestlé Nigeria did a solo in terms of price changes 

Traded volume rose by 8.5% to 176.5m shares and value jumped by 84% to N2.82bn mainly as GTB recorded 3rd placed 275 deals for day high 33.83m shares worth leading N1.286bn.

This means it accounted for 18.75% of traded volume and 45.6% of market traded value. Yesterday, Access bank boasted of deals for 35.35m shares but worth only N354.2m and so, no equity had above N400m traded value.

GTB only recorded N1.0 gain in price by the close of day.

In volume terms, GTB was followed from a distance by a cluster around 10m and 12m shares led by FCMB with 9th ranked 112 deals involving 12.581m shares worth N12.877m and FBN Holdings with leading 386 deals for 12.526m units worth N65.2m.

Others within the same cluster were Mansard Insurance with 18 deals for 11.62m shares worth N23.1m and Zenith bank which actually placed 2nd in both deals and traded value as in 280 deals for 10.563m shares worth N232.6m.

In all, only 5 equities witnessed deals worth above N100m. GTB and Zenith aside, the rest three were Nigerian Breweries down N2.01 per share, with 123 deals for 1.217m shares worth N204.2m; Nestlé Nigeria with 58 deals for 0.157m shares worth N191.2m and Stanbic IBTC with 68 deals for 2.85m units worth N113.03m.

Nestlé Nigeria actually carved a more prominent place for itself as the leading price gainer for the day. It was a solo run kind of because up by N23.9 per to a new all time high, it turned out to be the only that gained above N1 per share.

The closest Naira gain was by GTB which gained N0.54 per share followed by Stanbic IBTC up N0.50 per share and Unilever with N0.20 per share increase.

Nestlé closed yesterday at N1205 per share, opened at N1220, hit day low of N1205.2 then a high and close of N1228.9 per share.

Since Nestlé was the only major Naira gainer, the All shares index eased by 0.07% to 34,846.82. This was as Seplat Petroleum led Naira losers with N6.26 per share drop.

Seplat closed yesterday at N456.76 after losing a whopping N24.03 per share. It opened today at N456 then hit day bottom of N450 per share to close the day.

It was followed by 7up Bottling down N4.48 per share and Nigerian Breweries. 7up Bottling ended the day with 9 deals for 0.026m shares worth N2.328m.

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