NSE market indices records 1.03% growth

Trading activities on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note as some major blue chips equity recorded price gain. The All-Share Index appreciated by 238.03 basis points or 1.03 per cent to close at 23,277.30 against 23,039.27 recorded on Tuesday. Also, the market capitalisation which opened at N7.354 trillion appreciated by N76 billion or 1.03 per cent to close at N7.430 trillion.
Nestle led the price gainers’ chart gaining N5 to close at N500 per share. Nigerian Breweries followed with N3.60 to close at N115.80, while Flour Mill grew by N2 to close at N57 per share. UACNgained N1.63 to close at N34.40, while Con Oil rose by N1.07 to close at N22.63 per share. On the other hand, NewGold led the losers’ chart with a loss of N32 to close at N2, 458 per unit.
Cement Company of Northern Nigeria (CCNN) came second with 23k to close at N4.47, while UBA dropped by 15k to close at N4.60 per share. UBN lost 14k to close at N4.10, while Longman dipped by 11k to close at N2.19 per share. The banking sub-sectors of the financial service sector was the most active with 185.22 million shares worth N1.32 billion traded in 2,433 deals. Sterling Bank was investors’ delight with 43.85 million shares worth N52.62 million traded in 66 deals. GT ranked second with 32.45 million shares valued 555.6 million traded in 513 deals. In all, investors bought 259.59 million shares worth N2.2 billion traded in 4,184 deals against 414.1 million shares worth N3.1 billion exchanged in 5,377 deals on Tuesday