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Nigerian Stock Exchange today.

May 16th, 2008 Ugonna Maduagufor © www.StockMarketNigeria.com

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(by Ugonna Maduagufor)
The market All Share Index edged up to 62,415.06 base points as against yesterdays 62,177.72 base points, indicating a relative avarage appreciation on share prices. The market recorded a total of 19,139 deals involving a volume of 1,012,201,580 unit’s of shares valued at N10,340,939,653.29 as against yesterdays 18,262 deals involving a volume of 563,910,077 valued at N9,566,091,386.91. The Market Capitalisation shot-up to N12,102,682,981,975.43 as against yesterdays N12,056,660,938,666.37 indicating a growing valuation of the entire stock market.

The top 5 traded stocks of the day included: (1) GNI traded a volume of 421,445,355 shares worth N1,643,874,109.00; (2) UNIVINSURE traded with
117,840,333 shares worth N341,779,289.06; (3) ASOSAVINGS traded with
29,206,297 shares worth N186,854,075.71; (4) OCEANIC traded 20,135,492 shares worth n585,416,891.81; while INTERCONT traded with 20,052,864 worth N910,131,116.16.
On the top 5 price gainers chart shows: (1) JBERGER gaining N5.19 to close at N109.15; (2) UBA gained N2.90 to close at N60.90; (3) 7UP gained N2.02 to close at N56.00; (4) UBN added N1.45 to close at N40.45; while NESTLE gained N1.40 to close at N225.01.
On the other hand, price losers top 5 in descending order includes: (1)GUINNESS losing N2.90 to close at N126.10; (2) ETI lost N2.32 to close at N234.17; (3)COSTAIN lost N1.94 to close at N37.51; (4)BETAGLAS lost N1.23 to close at N23.46; while (5) RTBRISCOE lost N1.22 to close at N23.23

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