14 November 2012

Nigeria: NSE All-Share Index Records 0.21 Percent Growth

The All-Share Index of the Nigerian Stock Exchange (NSE), on Wednesday, recorded a marginal growth of 0.21 per cent after a two-day downward trend.

The News Agency of Nigeria (NAN) reports that the index rose by 56.29 points to close at 26,346.70 when compared with the 26,290.41 achieved on Tuesday.

Also, the market capitalisation, which opened at N8.377 trillion, rose by N18 billion to close at N8.395 trillion,.

The rise, which represented 0.21 per cent, was due to price gains posted by some blue chips.

Nestle led the gainers' chart with N9 to close at N590 per share. It was followed by Cadbury, which gained N1 to close at N25 per share.

Nigerian Breweries rose by 97k to close at N125.03, Ashaka Cement appreciated by 73k to close at N18.81 while Dangote Flour chalked up 38k to close at N8.08 per share.

Conversely, NewGold led the laggards table with a loss of N6 to close at N2,645 per unit.

It was trailed by Flour Mills, which lost N2.35 to close at N63.80 per share while Oando dropped 60k to close at N11.40.

UACN lost 22k to close at N40 while CCNN decreased by 20k to close at N5.10 per share.

NAN reports that Afromedia emerged as the most traded stock with 72.17 million shares worth N36.09 million traded in one deal.

Nem Insurance came second with a total of 36.08 million shares worth N18.07 million exchanged in 53 deals.

Linkage Assurance accounted for 35.17 million shares valued at N17.59 million traded in 14 deals.

In all, investors bought and sold 394.93 million shares worth N2.39 billion traded in 4,177 deals as against the 258.58 million shares valued N2.23 billion traded in 4,577 deals on Tuesday.


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