NSE presents CISI Bill to Senate

…Index rises 0.9%

The Nigerian Stock Exchange yesterday presented a memorandum to the Senate Committee on Capital Markets on the Chartered Institute of Securities and Investment Bill, 2013 (CISI).

A notice pasted at its website said the objective of the memorandum is to enable the committee make an informed decision that would positively affect capital market stakeholders at a critical time in the recovery of the capital markets.

Meanwhile, trading in equities continued on bullish note on the Exchange, as more investors took position on stocks.

Specifically, the All Share Index rose 0.88 per cent to close at 36, 908.06 points, compared to the increase of 0.41 per cent recorded on Monday to close at 36,585.08 points.

Marlet capitalisation gained N56bn to close at N11.708trn, higher than the rise of N47bn recorded on Monday to close at N11.652trn.

The Banking Index led sectorial indices by 1.49 per cent to close at 394.96 points, followed by the Consumer Goods Index with 1.36 per cent to close at 1046.68 points.

The NSE 30-Index appreciated 1. 002 per cent to close at 1,733.26 points, while the Insurance and Indusry Goods Indices added 0.16 per cent to close at 138.28 points and 2,212.74 points respectively.

Conversly, Lotus Islamic Index lost 0.30 per cent to close at 2,567.24 points, while the Oil and Gas Index declined 0.82 per cent to close at 181.26 points.

The Alternative Securities Market closed flat at 962.31 points.

International Energy Insurance Plc led the gainers’ table with six kobo or 9.68 per cent to close at 68 kobo per share, followed by Red Star Express Plc with 20 kobo or 4.82 per cent to close at N1.10 per share.

Costain Plc was up five kobo or 4.76 per cent to close at N1.10 per share, while Presco Plc added N1.47 or 4.52 per cent to close at 33.97 per share.

UACN Plc appreciated N2.60 or 4.44 per cent to close at N61.10 per share.

On the flip side, GSK Plc lost N3.45 or five per cent to close at N65.55 per share, while Okomu Oil Plc dropped 20kobo or four per cent to close at N3.97 per share.

Learn Africa Plc depreciated nine kobo or four per cent to close at N1.86 per share, while Thomas Wayyat Plc fell four kobo or 4.4 per cent to close at 95 kobo per share.

A total of 396.4 million shares valued at N4.89bn were traded in 4,359 deals.

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