8 November 2012

Nigeria: NSE Trading Remains Impressive

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday, for the third consecutive day, remained on a positive note with major blue chip companies recording price gains.

The News Agency of Nigeria (NAN) reports that the All-Share Index closed higher by 91.49 points or 0.34 per cent to close at 26,883.76 compared with the 26,792.27 posted on Wednesday.

NewGold topped the gainers' chart for Thursday with N13 to close at N2, 622 per unit followed by Mobil appreciating by N5.30 to close at N115 per share.

Nigerian Breweries gained N1.80 to close at N138, Dangote Cement rose by N1.48 to close at N122.50 per share, Julius Berger attained 70k to close at N30.61 per share.

Also, the market capitalisation which opened at N8.54 trillion rose by 0.35 per cent to close at N8.57 trillion as a result of price appreciation of some highly capitalised equities.

Conversely, Nestle led the losers' chart with a loss of N632.33 per share while Flour Mills lost N1.01 to close at N65 per share.

Conoil dropped by 93k to close at N17.85 and Cadbury lost 75k to close at N25.

NAN reports that Dangote Sugar was the toast of investors with an exchange of 53.58 million shares worth N287 million in 103 deals.

This was followed by UBA with a total of 29.36 million shares valued N147.29 million traded in 331 deals while Zenith recorded a turnover of 21.49 million shares worth N381.42 million in 246 deals.

The financial services sector was the most vibrant with 175 million shares valued N1.34 billion traded in 2,598 deals.

In all, investors bought and sold a total of 279.29 million shares worth N2.98 billion exchanged in 4,478 deals against Wednesday's 212.89 million shares valued N2.36 billion and traded in 4,804 deals.


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