Tuesday, 1 July 2014

Oando, Transcorp lead gainers as Japaul, Caverton dip

The shares of Oando plc, Transnational Corporation plc, Mobil Oil Nigeria plc, and Total Nigeria plc led other equities that appreciated after yesterday’s trading on the floors of Nigerian Stock Exchange (NSE).
On the negative side, Japaul Oil & Maritime Services plc, Caverton Offshore Support Group plc, A.G Leventis plc, and NPF Micro Finance Bank plc led other equities on the losers table.
The equities market sustained positive mood in yesterday’s trading session with 0.70% return.
The NSE All Share Index (ASI) rose to 42,482.49 points from 42,187.62 points the preceding trading day, indicating 0.70% increase; while market capitalisation rallied to N14.028billion, from N13.930billion, up by N98billion.
In 5,878 deals, equity dealers exchanged 408,487,104 units of listed companies shares valued at N7.564billion.
Oando plc led the gainers table after its share price rose from N27.36 to N29.25, up by N1.89 or 6.91%; while the share price of Transnational Corporation of Nigeria plc rose from N4.74 to N5.05, up by N0.31 or 6.54%.
Mobil Oil Nigeria plc rose by 5% or N6.55 after its share price moved up from N131 to N137.55; while Total Nigeria plc appreciated from N171.05 to N179.60, adding N8.55 or 5%.
On the losers table, Japaul Oil & Maritime Services plc led others after its share price declined from N0.66 to N0.60, down by N0.06 or 9.09%; followed by Caverton Offshore Support Group plc which dropped from a high of N6.56 to N6.24, losing N0.32 or 4.88%.
AG Leventis plc declined from N1.44 to N1.37, down by N0.07 or 4.86%; while NPF Micro Finance Bank plc dipped from N0.85 to N0.81, down by N0.04 or 4.71%.

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