NSE market indicators improve marginally by 0.20%

Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Wednesday as the market indicators improved marginally by 0.20 per cent.

The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains sustained by some capitalised companies.

As a result of the bullish trading, the market capitalisation closed at N13.45 trillion compared with N13.42 trillion posted on Tuesday.

Equally, the All-Share Index increased by 81.34 points to close at 40,729.49 against the 40,648.15 achieved on Tuesday.

Analysis of the price movement chart indicated that Lafarge Wapco topped the gainers’ table by N3.75 to close at N123.75 per share.

Dangote Cement came second on the activity chart gaining N2 to close at N222, while Presco appreciated by N1.5 to close at N37.5 per share.

Nigerian Breweries advanced by N1.05 to close at N176.05 and Nestle gained 6k to close at N1010.6 per share. On the other hand, Total Oil led the losers’ chart by N4.9 to close at N175.1 per share.

Forte Oil trailed with a loss of N3 to close at N218, while Conoil dropped N2.52 to close at N47.99 per share.

Guinness dropped N1 to close at N171, while UACN lost 99k to close at N56.91 per share.

NAN reports that the volume of shares traded depreciated by 62.25 per cent as a total of 195.988 million shares worth N2.80 billion were transacted by investors in 4,876 deals.

This was in contrast to the 519.117 billion shares worth N4.21 billion traded in 4,573 deals on Tuesday.

Transcorp emerged as the toast of investors, accounting for 25.57 million shares worth N153.32 million.

Zenith Bank followed with a total of 16.83 million shares valued N407.63 million, while GTBank exchanged 16.06 million shares worth N459.98 million.

Fidelity Bank sold 11.09 million shares valued N21.67 million, while FBN Holdings traded 11.05 million shares worth N160.93 million. (NAN)