Nigerian Stocks Close High, Buoyed By Dangote Cement’s Impressive 2015 Results

Nigerian stocks ended today’s trading on a positive as the All Share Index (ASI) was up 1.09% to close at 24,838.11, although this was lower than the 1.41% it closed yesterday to close at 24,570.73. The market was boosted by gains from TigerBrands, Oando, and Dangote Cement to name a few.

Dangote Cement earlier released its 2015 financial results which showed revenue rise by 25.6% to ₦491.7B as new plants perform strongly across Africa, while Earnings per share was up 15.2% to ₦10.86 and Dividend increased by 33.3% to ₦8.0 per share at 73.7% payout ratio.

Here is a snapshot of today’s trading:

ASI: 24,838.31

DEALS: 3,080

VOLUME: 159,735,603

VALUE: 1,100,959,721.07

CAP: 8,544,505,954,999.50

Here are the top gainers for the day:

TIGERBRANDS gained 9.42% to close at N1.51

OANDO gained 5.72% to close at N3.14

DANGCEM gained 4.99% to close at N148.83

PZ gained 4.98% to close at N22.99

ETI gained 4.96% to close at N17.58

FIDELITYBK gained 4.55% to close at N1.15

UCAP gained 4.51% to close at N1.39

BOCGAS gained 4.22% to close at N3.95

NEM gained 4.17% to close at N0.75

UBA gained 3.47% to close at N2.98

Here are the top losers for the day:

FO lost 9.75% to close at N308.66

CONOIL lost 4.99% to close at N16.56

UNITYBNK lost 4.48% to close at N0.64

MANSARD lost 3.74% to close at N1.80

UNILEVER lost 3.45% to close at N28

WAPCO lost 3.40% to close at N81.65

HONYFLOUR lost 3.01% to close at N1.29

STERLINGBANK lost 2.84% to close at N1.71

AIICO lost 2.50% to close at N0.78

FCMB lost 1.32% to close at N0.75

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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