Investors Swoop on Tourist Company's Shares in Nigeria

Investors of the Nigerian Stock Exchange (NSE) on Thursday swooped on the shares of Tourist Company Nigeria when a total of 160 million shares; valued at N761.040 million were traded in one deal.

This made the hotel and tourism sub-sector the most traded with a total of 168.089 million shares; valued at N761.220 million in 8 deals; followed by the banking sub-sector which recorded a total of 109.155 million shares; valued at 745.730 million in 2,718 deals.
In all, a total of 437.223 million shares; valued at N2.416 billion in 4,876 deals as against 162.149 million shares; valued at N1.517 billion in 4,799 transactions recorded on Wednesday; while a total of 31 companies were on the gainers’ table as against 15 recorded on Wednesday; while 26 companies made to the laggards’ table as against 36 on Wednesday.

However, the slide that had characterised trading on NSE floor disappeared on Thursday as NSE indicators closed on the green side when equities capitalisation closed higher at N8.222 trillion after it gained N36.964 billion; while the All-share Index also closed higher at 25,716.84 basis points after appreciating by 98.31 points or 0.38 per cent.
Construction giant, Julius Berger Nigeria, which led the gainers’ table in previous trading with a gain of 265 kobo, led the gainers’ table on Thursday when it appreciated by 278 kobo to close at N58.49 per share; followed by major petroleum marketer, Conoil, with 199 kobo to close at N41.89 per share; building materials’ Lafarge Cement WAPCO nicked 80 kobo to close at N44.89 per share; food and beverages’ Cadbury Nigeria grabbed 75 kobo to close at N20.75 per share; while breweries’ major, Nigerian Breweries, added 69 kobo to close at N85.81 per share.

The share price of First City Monument Bank increased by 37 kobo to close at N7.78 per share; National Salt Company of Nigeria gained 28 kobo to close at N6.03 per share; Diamond Bank added 27 kobo to close at N6.19 per share; while Guaranty Trust Bank and Zenith Bank both added 25 kobo each to close at N16.20 and N15.15 per share respectively; among others.

The laggards’ table was led by P.Z Cussons with a loss of 135 kobo to close at N35.00 per share; followed by International Breweries which shed 29 kobo to close at N5.88 per share; Costain West Africa lost 26 kobo to close at N4.96 per share; Honeywell Flour Mills dropped 24 kobo to close N4.56 per share; Tourist Company of Nigeria went down by 23 kobo to close at N4.53 per share.

The share price of Ecobank Transnational Incorporated depreciated by 10 kobo to close at N15.30 per share; United Bank for Africa and DN Meyer both lost 8 kobo each to close at N6.00 and N1.60 per share respectively; Oceanic Bank shed 7 kobo to close at N1.84 per share; while Bank PHB went down by 6 kobo to close at N1.28 per share; among others.