1 January 2013

Nigeria: NSE Indices Rise By 0.75 Percent

Equity transactions on the Nigerian Stock Exchange (NSE) closed for the year on a positive note as some blue chips companies recorded price gains.

The News Agency of Nigeria (NAN) reports that the All-Share Index grew by 212.09 points or 0.76 per cent to close at 28,078.80 against 27,866.51 recorded on Friday.

The market capitalisation, which opened at N8.974 trillion, appreciated by N67 billion to close at N8.907 trillion. Guinness led on the price gainers' table with N2.88 to close at N275 per share. Nigerian Breweries came second with a gain of N2 to close at N147 per share, while Julius Berger rose by N1.65 to close at N34.65 per share. Zenith Bank appreciated by 86k to close at N19.49, while OkomuOil gained 61k to close at N42.50 per share.

On the other hand, Lafarge Wapco led the price losers' chart with 87k to close at N58.53 per share. Vitafoam followed, shedding 12k to close at N3.66 per share, while NASCON dipped by 10k to close at N8 per share. Custodyins and Stanbic IBTC depreciated by 3k each to close at N1.30 and N11 per share, respectively. In all, investors exchanged 215.58 million shares worth N1.7 billion in 2,714 deals against 216.85 million shares worth N2 billion exchanged in 2,931 deals on Friday.

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