Equities appreciate by 0.51% on NSE

Equities transactions on the Nigerian Stock Exchange (NSE) appreciated by 0.51 per cent on Wednesday due to gains posted by some blue chip companies.

The market capitalisation rose by N43 billion or 0.51 per cent to close at N8.525 trillion from the N8.482 trillion traded on Tuesday.

The All-Share Index, which opened at 24,659.17, grew by 125.78 points or 0.51 per cent to close at 24,784.95.

The improved performance in the day transaction could be attributed largely to the appreciation by Flour Mills, GTBank, Zenith Bank, Seplat and Nigerian Breweries.

Seplat led the price gainers’ table with N2.85 to close at N335 per share. Nigerian Breweries followed with 64 kobo to close at N103.14, while Flour Mill also appreciated by 64 kobo to close at N20 per share.

GTBank added 46 kobo to close at N16.16, while National Salt increased by 34k to close at N7.74 per share.

Mobil Oil topped the price losers’ chart, shedding N2.25 to close at N149 per share. Okomu Oil Palm trailed with a drop of 48k to close at N30, while Custodian and Allied Insurance lost 19k to close at N3.71 per share.

Portland Paint and Product depreciated by 13 kobo to close at N2.75 and Air Service shed 10 kobo to close at N1.90 per share.

The market transacted 159.26 million shares valued at N1.11 billion in 2,698 deals.

This was against the 228.29 million shares worth N1.44 billion traded in 3,239 deals on Tuesday.

FBN Holdings was most active for the day, trading 19.18 million shares valued at N64.23 million.

GTBank followed with 19.13 million shares worth N305.39 million, while Zenith Bank traded 15.98 million shares valued at N187.24 million.

Capital Market