Nigerian stocks close flat eve of Easter break

Nigerian stocks close flat eve of Easter break

Thursday, April 17, 2014 5:25 pm

Transactions on the Nigerian Stock Exchange (NSE) closed for the Easter holidays on a flat note with the All-Share Index recording a marginal growth of 0.07 per cent.

The News Agency of Nigeria (NAN) reports that the NSE All-Share Index on Thursday appreciated by 27.01 basis points or 0.07 per cent to close at 39,325.98, against the 39,298.97 achieved on Wednesday.

NAN reports that Lafarge Wapco recorded the highest price gain, leading the gainers’ chart with N4.01 to close at N110.01 per share.

Stanbic IBTC grew by N1.01 to close at N21.36, while Mobil garnered N1 to close at N123 per share.

CAP improved by 40k to close at N40, while Access Bank gainer 39k to close at N8.26 per share. However, the market capitalisation stood at N12.932 trillion, compared with the N12.937 trillion achieved on Wednesday.

On the other hand, Nestle led the laggards’ with N35.10, to close at N1,149 per share.

It was trailed by Okomu Oil Palm with a loss of N3.88 to close at N36.02, while Mrs Oil fell by N2.72 to close at N51.72 per share.

GT Bank depreciation by 21k to close at N27.20, while National Salt Company of Nigeria lost 16k to close at N11.55 per share.

NAN also reports that investors’ bought and sold 788.93 billion shares valued at N5.69 billion transacted in 4,385 deals, an increase of 185.08 per cent.

This contrasts with the 276.74 million shares worth N3.60 billion achieved in 4,859 deals.

UBA drove the activity chart for the day with an exchange of 562.27 million shares worth N3.88 billion.

UBA Capital followed with 72.49 million shares valued at N189.09 million, while FBN Holdings traded 21.84 million shares worth N267.16 million.

Transcorp followed with a total of 16.54 million shares valued at N63.52 million, Zenith sold 12.72 million worth N280.18 million.

NAN reports that April 18 and 21 had been declared public holidays by the Federal Government, to mark the Easter celebrations

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