JAN 16, 2019: NIGERIA: EQUITY MARKET STILL GLOWING

The Nigerian Stock Exchange  is still glowing in newly discovered optimism  with 1.07% rise in  the All share index to 30,460.68 on Wednesday  January  16 although with hell from Dangote Cement,  the top capitalised equity. 

On Tuesday , it had closed 0.58% up just slightly  higher than half of Wednesday 's % gain 

There were three major price gains above N1 per share  and DangCem led the pack with N8 or 4.44% per share  gain.  

DangCem  touched and closed at day high N188 per share after a low of N178 compared to N180 per share  previously. 

This was as it witnessed  109 deals for the exchange  of 1.083m shares valued  at N198.948m.

DangCem was followed  by Guinness  Nigeria up N6.25 or 9.65 per share as it recorded  46 deals for 0.766m shares valued  at N53.749m.

Forte Oil was another equity with above N1 per share  gain.  It rose by N1.4 or 5.09% per share while witnessing  78 deals that resulted  in the exchange  of its 0.860m shares for N25.595m.

On the other end of the scale,  Beta Glass declined  by N6.7 or 10% per share  to penicillin drops as it found  and closed  at N60.3 as against  N67 per share  previously. 

However,  Beta Glass ended up with just 6 deals struck for 0.090m shares valued at  N5.954m.

PZ Cussons followed  with N1 or 8.33% drop per share as it ended with 38 deals involving  4.913m shares worth N50.751m

Guaranty Trust Bank  just missed the mark though dropping by N0.9 or 2.69% in step with the day's  second highest number of deals  (297) for 17.442m shares worth  N577.749m.

Top number of deals though was Zenith Bank's 325 deals in a scramble for 16.231m shares worth  N357.108m. 

The offload in Diamond  Bank also continued.  After Tuesday's  trade in 100.678m shares,  on Wednesday  Diamond  Bank gained N0 03 per share while recording  229 deals for 141.231m shares worth  N296.575m 

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