NSE All-Share Index records marginal growth

 

The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday recorded marginal growth, appreciating by 0.06 per cent after two-day consecutive loss.

The index which opened at 34,507.85 grew by 21.61 points or 0.06 per cent to close at 34,529.46.

Also, the market capitalisation rose by N7 billion to close at N11.766 trillion against N11.759 trillion due to marginal gains posted by some blue chip equities.

Nigerian Breweries topped the losers’ chart, dropping by N5.82 to close at N151.20 per share.

Glaxosmithkline trailed with a loss of N2.81 to close at N53.45, while Stanbic IBTC lost 52k to close at N27.03 per share.

UAC dropped 50k to close at N40 and Ikeja Hotel lost 44k to close at N4.17 per share.

Conversely, 7UP led the gainers’ chart, increasing by N7.85 to close at N177.85 per share.

Guinness came second with a gain of N6.01 to close at N168, while Lafarge Wapco appreciated by N2.04 to close at N92 per share.

Nestle Nigeria increased by N1 to close at N948 and International Breweries grew by 99k to close at N21.70 per share.

United Bank for Africa (UBA) was the toast of investors with a total of 63.81 million shares valued N356.19 million traded in 325 deals.

FCMB followed with 47.85 million shares worth N154.08 million exchanged in 262 deals, while Access Bank sold 47.57 million shares valued N321.48 million traded in 345 deals.

Transcorp accounted for 34.81 million shares worth N111.07 million in 278 deals, while investors bought and sold 22.85 million shares of Fidelity Bank worth N44.42 million transacted in 175 deals.

Over all, a total of 342.91 million shares valued N3.49 billion were traded by investors in 5,500 deals.

This was against the 354.45 million shares worth N3.29 billion traded in 5,668 deals posted on Tuesday.

(NAN)