NSE market index rise by 0.56%

Equity transactions at the Nigerian Stock Exchange (NSE) on Wednesday recorded marginal appreciation as the All-Share Index rose by 0.56 per cent. The index performance reflected in its growth by 225.52 points which made the day’s transaction to close at 40,286.76 points from the 40,061 points recorded on Tuesday.

Market capitalisation appreciated by N74 billion to close at N13.302 trillion as against N13.228 trillion recorded on Tuesday. The shares’ price movement showed that Total Oil led the gainers’ chart by N2.01 to close at N162 per share. Total was followed by UACN which gained N2 to close the day’s transaction at N65 per share while Seplat and Ashaka Cement grew by N1 each to close at N6.35 and N21.40 per share, respectively.

Nigerian Brewery’s stock value also rose by 97k to close at N174 per share.

Conversely, Mobil led the losers’ chart at the market with a loss of N1.10 to close at N127.90 per share while Dangote Cement followed with a loss of 89k to close at N227.01 per share. International Brewery’s shares dipped by 39k to close at N25.61 while Vitafoam and Transexpr lost 11k each to close at N4.01 and N2.20 per share, respectively.

A total of 577.25 million shares worth N12.26 billion were traded by investors in 4,954 deals at the day’s transaction. Wednesday’s volume of shares’ traded by investors indicated a high performance when compared to a total of 292.14 million shares valued at N3.98 billion achieved in 4,813 deals on Tuesday. Zenith Bank emerged the most traded equity, accounting for 255.64 million shares worth N6.11 billion of total investment of the day.  FBN Holdings came second on the activity chart with an exchange of 102.29 million shares valued N1.48 billion while GTBank sold 38.32 million shares worth N1.07 billion.