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:

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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