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Published On: Wed, Apr 30th, 2014

NSE market indices record marginal growth

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Nigerian Stock Exchange (NSE)Transactions on the Nigerian Stock Exchange (NSE) yesterday closed flat with the All-Share Index recording a marginal growth of 0.01 per cent after dropping for two consecutive days.

The News Agency of Nigeria (NAN) reports that the NSE All-Share Index appreciated by 4.88 points or 0.01 per cent to close at 38,485.48 points as against 38,480.60 points achieved on Tuesday.

The market capitalisation which opened at N12.667 trillion, grew by N4 billion to close at N12.671 trillion following marginal gains by some blue chip equities.

Seplat recorded the highest price gain, appreciating by N29.81 to close at N626.31 per share.

It was trailed by Mobil with N2.12 to close at N118.22, while Julius Berger gained N2.01 to close at N70.90 per share.

Nigerian Breweries garnered N1.10 to close at N150, while Zenith appreciated by 76k respectively to close at N150.00 and N22.70 per share.

On the other hand, Nestle topped the losers’ chart, dropping by N40 to close at N1,040 per share.

Cadbury followed with N3.95 to close at N75.05, while Guinness declined by N2 to close at N176 per share.

Presco lost N1.88 to close at N40.12, while UACN declined by N1.69 to close at N56.56 per share.

In all, investors bought and sold 300.26 million shares worth N5.38 billion transacted in 4,800 deals against 221.91 million shares valued N2.83 billion traded in 4,784 deals on Tuesday.

FBN Holdings was the toast of investors, accounting for 72.06 million shares worth N1.03 billion.

ABC Transport followed with 46.79 million shares valued N38.68 million, while Zenith traded 20.32 million shares worth N460.51 million.

Nigerian Breweries exchanged 13.69 million shares valued N2.05 billion, while Transcorp sold 13.62 million shares worth N47.37 million. (NAN)


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