Home MARKETS CAPITAL MARKET Equities appreciate further as investors gain N211bn

Equities appreciate further as investors gain N211bn

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday for the third consecutive day sustained a positive trend with the market indices appreciating by 2.18 per cent even as investors gained  N211 billion.

The All-Share Index rose by 616.86 points or 2.18 per cent to close at 28,877.47 compared with 28,260.61 posted the previous day.

Similarly, the market capitalisation rose by N211 billion to close at N9.917 trillion compared with N9.706 trillion recorded on Wednesday.

Price movement chart showed that Nestle for the second-consecutive day topped the gainers’ chart, gaining N37.50 to close at N787.50 per share.

Guinness trailed with a gain of N10.23 to close at N110.08, while Seplat increased by N10 to close at N350 per share.

Nigerian Breweries grew by N6.69 to close at N140.68 and Lafarge Africa appreciated by N2.16 to close at N80.85 per share.

7up, on the other hand recorded the highest price, dropping N2.50 to close at N138.50 per share. Dangote Cement shed N1.92 to close at N175.08, while Fidson lost 8k to close at N2.12 per share.

AG Leventis decreased by 5k to close at 95k, while Julius Berger also lost 5k to close at N45 per share.

The volume of shares traded rose by 37.23 per cent with an exchange of 651 million shares valued at N5.02 billion transacted in 5,796 deals as against a total of 474.40 million shares worth N3.50 billion exchanged in 5,260 deals on Wednesday.

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday for the third consecutive day sustained a positive trend with the market indices appreciating by 2.18 per cent even as investors gained  N211 billion.

The All-Share Index rose by 616.86 points or 2.18 per cent to close at 28,877.47 compared with 28,260.61 posted the previous day.

Similarly, the market capitalisation rose by N211 billion to close at N9.917 trillion compared with N9.706 trillion recorded on Wednesday.

Price movement chart showed that Nestle for the second-consecutive day topped the gainers’ chart, gaining N37.50 to close at N787.50 per share.

Guinness trailed with a gain of N10.23 to close at N110.08, while Seplat increased by N10 to close at N350 per share.

Nigerian Breweries grew by N6.69 to close at N140.68 and Lafarge Africa appreciated by N2.16 to close at N80.85 per share.

7up, on the other hand recorded the highest price, dropping N2.50 to close at N138.50 per share. Dangote Cement shed N1.92 to close at N175.08, while Fidson lost 8k to close at N2.12 per share.

AG Leventis decreased by 5k to close at 95k, while Julius Berger also lost 5k to close at N45 per share.

The volume of shares traded rose by 37.23 per cent with an exchange of 651 million shares valued at N5.02 billion transacted in 5,796 deals as against a total of 474.40 million shares worth N3.50 billion exchanged in 5,260 deals on Wednesday.

 

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