NSE market indicators rebound marginally

NSE market indicators rebound marginally

Wednesday, August 10, 2016 6:11 pm

Dealers at the Nigerian Stock Exchange

Dealers at the Nigerian Stock Exchange

Activities on the Nigerian Stock Exchange (NSE) recorded positive trend on Wednesday, rising by 0.55 per cent following gains by some blue chip equities.


The News Agency of Nigeria (NAN) reports that the All-Share Index improved by 149.69 points or 0.55 per cent to close at 27,421.83 points against 27,272.14 points achieved on Tuesday.


Similarly, market capitalisation which opened at N9.37 trillion inched up by N52 billion to close at N9.42 trillion.


NAN reports that Nestle recorded the highest price gain of N5 to lead the gainers’ table, closing at N825 per share.


Total came second with a gain of N4 to close at N240, and Nigerian Breweries increased by N2.65 to close at N132.95 per share.


Dangote Cement improved by N1.04 to close at N180 per share, while Okomu Oil gained N1 to close at N36 per share.


On the other hand, 7UP topped the losers’ chart, dropping N11.64 to close at N107.86 per share.


CAP lost N3.60 to close at N33.40 per share, while PZ Cussons dipped 55k to close at N19 per share.


Dangote Sugar depreciated by 13k to close at N6.67 per share, and Flour Mills also shed 13k to close at N19.82 per share.


Also, the value of shares traded was upbeat as investors staked N3.39 billion on 391.37 million shares transacted in 3,103 deals.


This performance was against the 419.79 million shares valued at N2.16 billion traded in 3,443 deals on Tuesday.


Wapic Insurance was the toast of investors, exchanging 89.32 million shares worth N44.95 million.


Guaranty Trust Bank followed with account of 83.43 million shares valued at N2 billion and FBN Holdings sold 62.86 million shares worth N207.61 million.


United Bank for Africa traded 32.38 million shares valued at N148.25 million and Access Bank exchanged 30.43 million shares worth N170.40 million. (NAN)

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