Banking stocks yesterday on the floor of the Nigerian Stock Exchange for the day running, lifted market indices further by 0.27 per cent.
The banking sector trading increased the All Share Index by 0.27 per cent to close at 23,039.27 points, compared to the rise by 1.04 per cent the preceding day to close at 22,978.14 points.
Similarly, the market capitalisation appreciated by N19bn to close at N7.35trn, lower than the increase by N76bn recorded the preceding day to close at N7.34trn.
The banking sectorial index added 0.72 per cent to close at 355.53 points, followed by the NSE-30 index with 0.47 per cent to close at 1,074.42 points.
The consumer goods index increased by 0.39 per cent to close at 1,872.82 points, while the oil and gas index rose by 0.14 per cent to close at 177.03 points. The insurance index dropped by 0.42 per cent to close at 129.50 points.
Flour Mills of Nigeria Plc led the gainers’ table with N2.00 or 3.77 per cent to close at N55.00 per share, followed by CAP Plc with 96 kobo or 4.15 per cent to close at N24.10 per share.
Total Nigeria Plc gained 50 kobo or 0.38 per cent to close at N130.50 per share, while Cadbury Nigeria Plc rose by 30 kobo or 2.10 per cent to close at N14.60 per share. Guaranty Trust Bank Plc appreciated by 29 kobo or 1.74 per cent to close at N17.00 per share.
On the flip side, ARBICO Plc lost N1.05 or 4.96 per cent to close at N20.14 per share, while Cement Company of Northern Nigeria Plc declined by 24 kobo or 4.86 per cent to close at N4.70 per share.
Vitafoam Plc dropped by 16 kobo or 4.86 per cent to close at N3.13 per share, while May and Baker Plc dipped by eight kobo or 4.65 per cent to close at N1.64 per share. Access Bank Plc depreciated by 37 kobo or 4.64 per cent to close at N7.60 per share.
A total of 414 million shares worth N3.07bn were exchanged in 5,375 deals, compared to 270.48 million shares valued at N1.34bn traded in 4,129 deals the preceding day.
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