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NSE records price appreciation

by Business News Report

Major blue chip equities at the Nigerian Stock Exchange (NSE), on Tuesday, recorded price appreciation, leading to the growth of market indicators by 0.63 per cent.
Dangote Cement led the gainers’ pack with N6 to close at N180 per share. The Nigerian Breweries trailed with N2.78 to close at N149.98 while Guinness grew by N1.64 to close at N162.81 per share. Presco garnered N1.50 to close at N35 and Lafarge Africa appreciated by 99k to close at N101.99 per share.
Consequently, the All-Share Index rose by 207.64 points to close at 33,456.83 against 33,249.19 recorded on Monday. Similarly, the market capitalisation which opened at N11.350 trillion increased by N71 billion to close at N11.421 trillion.
Conversely, Nestle recorded a loss of N32.20 to close at N857 per share.
Forte Oil came second, dipping by N2.88 to close at N188.22 while PZ lost N1.55 to close at N30.45 per share. Cadbury dropped N1.47 to close at N35.03 while Transcorp declined by 93k to close at N8.70 per share.

The volume of shares traded dropped by 23.59 per cent as investors’ staked N4.29 billion on 268.57 million shares exchanged in 4,808 deals. This was against 351.51 million shares valued N5.24 billion transacted in 3,983 deals on Monday. Zenith Bank emerged the most traded equity, accounting for 90.38 million shares worth N1.78 billion.
Sterling Bank followed with 36.57 million shares valued N72.98 million, while Unilever sold 19 million shares worth N864.72 million. UBA accounted for 17.67 million shares valued N88. 21 million, while Access Bank exchanged 16.94 million shares worth N96.23 million.

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