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WAPCO shares boost Exchange's indices



West Africa Portland Company Plc (WAPCO), closed higher at the end of yesterday's transactions on the trading flour of the Nigerian Stock Exchange (NSE).



It led 40 others with 155 kobo, to close at N33.70 per share. Following WAPCO was GlaxoSmithKline Consumers Plc, adding 121 kobo to close at N25.47 per share, while Ashaka Cement Plc, Guaranty Trust Bank Plc, UACN Plc, United Bank for Africa Plc gained 67 kobo, 66 kobo, 56 kobo and 56 kobo, to close at N14.07, N17.81, N40.00 and N11.86 per share respectively.



Other gainers of yesterday's transactions include Unilever Nigeria Plc, Nigeria Aviation Handling Company Plc, PZ Cussons Plc, Skyebank Plc, Vitafoam Plc, Cement Company of Northern Nigeria Plc and Zenith Bank Plc, adding 49 kobo, 41 kobo, 30 kobo, 27 kobo, 24 kobo, 21 kobo and 18 kobo to close at N23.99, N8.61, N26.30, N6.47, N5.23, N14.81 and N15.30 per share.



However, Nigeria Breweries Plc topped the losers' table with 149 kobo, to close at N55.01 per share. Alumaco Nigeria Plc followed, shedding 112 kobo, to close at N21.47 per share. Flourmill Plc, Cadbury Plc, Oceanic Bank Plc, Bank PHB Plc, National Salt Company of Nigeria Plc, Eternaoil Plc, Diamond Bank Plc, Crusader Insurance Plc and Ikeja Hotel Plc also shed 29 kobo, 25 kobo, 12 kobo, 11 kobo, 10 kobo, 8 kobo, 6 kobo, 5 kobo and 5 kobo to close at N38.50, N17.25, N2.34, N 2.17, N6.72, N6.02, N8.01, N1.04 and N0.95 per share respectively.



Specifically, corporate performance indices, the All-Share index of the NSE, rose by 128.81 points or 0.57 per cent, from 22,411.02 recorded on Wednesday to 22,539.83, while market capitalisation increased by N31 billion, from N5,397 trillion to N5,428 trillion.



As usual, the banking sub-sector remains the most active in volume terms with 221.2 million shares worth N2.1 billion in 3,320 deals, while the insurance sub-sector followed with 46.5 million units, worth N42.9 million in 351 deals. The mortgage companies sub-sector ranked third with 13.2 million units, worth N9 million in 68 deals.



Zenith Bank Plc dominated in volume terms in the banking sub-sector with 45.2 million shares, worth N681.6 million in 283 deals, while First Bank of Nigeria Plc followed with 36.3 million units, valued at N531.6 million in 819 deals.



The insurance sub-sector was energised by activities in the shares of International Energy Insurance Plc, which traded 13.4 million shares, worth N7.8 million in 65 deals, followed by Continental Reinsurance Plc, which traded 9.9 million units, worth N9.8 million in six deals.



Aso Saving and Loans Plc dominated in volume terms in the mortgage sub-sector with 10.6 million units, worth N7.1 million in 28 deals. In all, investors exchanged 354.1 million shares worth N2.8 million in 6,289 deal



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