NSE appreciates as Unilever, Transnationwide rights boost listings

The All-Share Index of Nigerian Stock Exchange (NSE) appreciated by 0.05 per cent on Thursday to reverse the last two-day downward trend.

The News Agency of Nigeria (NAN) reports that that the index appreciated by 17.44 points or 0.05 per cent to close at 36,634.89 from the 36,617.45 posted on Wednesday.

In the same vein, the market capitalisation, which opened at N12.673 trillion, inched up to N77 billion or 0.61 per cent to close at N12.750 trillion due to the listing of rights issue of Unilever and Transnationwide.

Mobil Nigeria led the price gainers’ table by N5 to close at N170 per share.

It was trailed by 7UP with a gain of N4 to close at N9, while International Breweries appreciated by N1.80 to close at N51.80 per share.

PZ Industries appreciated by N1.02 to close at N21.42, while Guaranty Trust Bank gained 60k to close at N43.10 per share.

On the other hand, Seplat topped the price losers’ chart, shedding N5 to close at N490 per share.

Guinness trailed with a loss of N1 to close at N100, while NASCON dipped by 33k to close at N14.30 per share.

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Dangote Sugar Refinery was down by 30k to close at N14.25, while FBN Holdings depreciated by 28k to close at N6.62 per share.

NAN reports that Nigerian Breweries was the most active stock, trading 68.29 million shares worth N9.49 billion.

Zenith International Bank followed with 18.63 million shares valued at N448.73 million, while Access Bank traded 14.42 million shares worth N142.19 million.

FBN Holdings exchanged 13.81 million shares valued at N92.78 million, while C&I Leasing sold 12.86 million shares worth N16.09 million.

In all, investors exchanged 217.75 million shares valued at N11.71 billion in 3,088 deals against 184.25 million shares worth N3.32 billion traded in 3,590 deals on Wednesday.