Stocks head northward in Lagos

Nestle Plc

Nestle Plc: stock records some losses

Transactions on the Nigerian Stock Exchange (NSE) closed on the upward trend on Friday as market indicators increased by 1.1 per cent and some highly-capitalised firms recorded price gains.

As a result of the gains, the market capitalisation appreciated by N132 billion to close at N11.694 trillion from N11.562 trillion recorded on Thursday.

Similarly, the All-Share Index, which opened at 36,509.63 points appreciated by 416.66 basis points to close at 36,926.29.

Nestle recorded the highest price gain of N30 to close at N1,000 per share.

SIMCAPAL followed with N7.59 gain to close at N103.50 per share, while Lafarge WAPCO grew by N5.20 to close at N94.80 per share.

CAP share price appreciated by N4.49 to close at N49.49 per share,while Presco gained N2.98 to close at N39.97 per share.

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Conversely, Total led the price losers’ chart with 90k to close at N159 per share.

Cadbury trailed with 79k to close at N59 per share, while Ashaka Cement dropped by 70k to close at N25.80 per share.

Eternal Oil depreciated by 16k to close at N3.22 per share, while AG Leventis dipped by 15k to close at N1.45 per share.

In all, investors exchanged 591.64 million shares worth N3.6 billion in 5,086 deals.

This is against the 4.4 billion shares valued at N2.7 billion traded in 4,971 deals on Thursday. (NAN)


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