Trading rebounds on NSE, indices up by 1.02%

Trading rebounds on NSE, indices up by 1.02%

Trading rebounds on NSE, indices up by 1.02%

The market indicators of the Nigerian Stock Exchange (NSE) on Thursday increased by 1.02 per cent after dropping for two consecutive days following gains posted by some blue chips.

The All-Share Index appreciated by 273.41 points or 1.02 per cent to close at 27,183.64 compared to 26,910.23 recorded on Wednesday.

Also, the market capitalisation which opened at N9.242 trillion inched N94 billion or 1.02 per cent to close at N9.336 trillion.

Nigerian Breweries recorded the highest gain to lead the gainers’ table, gaining N6.41 to close at N134.71 per share.

Lafarge Africa followed with a gain of N3.67 to close at N77.07, while Dangote Cement appreciated by N3 to close at N170 per share.

Cadbury improved by N1.84 to close at N20.21 and Flour Mills gained N1.02 to close at N21.44 per share.

On the other hand, Nestle topped the losers’ chart, dropping by N29.66 to close at N755 per share.

Seplat dipped N9.85 to close at N350.15 and Forte Oil shed N4.80 to close at N191.10 per share.

Guinness dropped N1.46 to close at N97.65 and UACN declined by 86k to close at N19 per share.

NAN reports that United Bank for Africa was the toast of investors, exchanging 93.13 million shares worth N386.91 million.

FCMB Group came second on the activity chart, trading 40.54 million shares valued at N59.39 million, while Access Bank sold 30.96 million shares worth N163.72 million.

FBN Holdings accounted for 25.76 million shares valued at N102.14 million, while Skye Bank traded 24.94 million shares worth N28.48 million.

In all, a total of 332.23 million shares valued at N2.16 billion were exchanged by investors in 4,167 deals.

This was in contrast with 352.29 million shares worth N3.85 billion transacted in 5,024 deals on Wednesday.

Source:© Copyright Guardian Online