NSE indices maintain up beat trend, index up by 0.50%

Transactions on the Nigerian Stock Exchange  (NSE ) on Wednesday maintained the up beat trend with the All-Share Index rising by 0.50 per cent.

The index, which opened at 36,720.62, appreciated by 184.44 points or 0.50 per cent to close at 36,905.06.

Also, the market capitalisation closed higher by N65 billion or 0.51 per cent to close at N12.720 trillion from the previous N12.655 trillion.

The price movement showed that Nigerian Breweries led the price gainers’ table for the day,  gaining N4.24  to close at N171.25 per share.

Guinness followed with a gain of N3.32 to close at N69.87, while Lafarge Africa appreciated by N2.75  to close at N57.75.

Nestle gained N1.42 to close at N1026.42, while Flour Mills rose by N1.20  to close at N29.20 per share.

On the other hand, Seplat  topped the  price losers’ chart,  declining by N17.90 to close at N470.10 per share.

Total declined by N8.50 to close at N361.50, while Okomu Oil was down by N3.80 to close at N72.23, while Presco depreciated by N2.45 to close at N74.50 per share.

The volume of shares traded, however, closed lower as investors exchanged 251.01 million shares worth N3.78 billion in 4,047 deals.

This was against the 849.60 million  shares valued at N94.05 billion  traded in 5,602 deals on Tuesday.

Transcorp was the most the toast of investors, trading 34.78 million shares worth N49.67 million.

Fidelity Bank followed with 29.97 million shares valued at N39.03 million, while FBN Holdings traded 28.82 million shares worth N173.29 million.

Zenith International exchanged 25.60 million shares valued at N641.47 million, while Guaranty Trust Bank sold 20.99 million shares worth N815.33 million.

(Source: NAN)

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