Stocks boost NSE market indicators by 1.09%




The market indices of the Nigerian Stock Exchange (NSE) appreciated further on Thursday with a growth of 1.09 per cent following gains by some highly capitalised stocks.

The market capitalisation rose by N148 billion or 1.09 per cent to close at N13.647 trillion compared with N13.499  trillion posted on Wednesday.

Similarly, the All-Share Index which opened at 37,933.86 inched 416.78 points or 1.09 per cent to close at 38,350.64.

A breakdown of the price movement table indicated that Dangote Cement recorded the highest gain to lead the gainers’ table with N9 to close at N238 per share.

International Breweries followed with N2.20 to close at N54, while Seplat rose by 95k to close at N568 per share.

ETI grew by 70k to close at N17.20, while Berger Paint gained 40k to close at N8.49 per share.

On the other hand, Nestle topped the laggards’ table with a loss of N29.79 to close at N1,465.21 per share.

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Total trailed with a loss of N11 to close at N219, while Nigerian Breweries lost by N1.53 to close at N140.52 per share.

Dangote Sugar Refinery declined by N1.18 to close at N19.34, while May and Baker depreciated by 12k to close at N2.62 per share.

Also, the volume of shares traded closed higher by 109.54 per cent with an exchange of 429.38 million shares valued at N1.51 billion transacted in 3,240 deals. This was in contrast with 207.89 million shares worth N3.29 billion traded in 4,873 deals on Wednesday.

AIICO emerged the most traded equity with a turnover of 210.54 million shares worth N109.46 million.

Transcorp came second with an account of 93.39 million shares valued at N132.31 million, while Fidelity Bank traded 23.88 million shares worth N53.25 million.

FCMB Group exchanged 13.16 million shares valued at N17.52 million, while UBA traded 12.96 million shares worth N133.51 milliion.