7 February 2013

Nigeria: Stock Maket Records 1.2 Percent Growth

Trading activities on the Nigerian Stock Exchange (NSE) yesterday ended on a positive note with some major blue chips equity recording impressive price gain.

The All-Share Index also appreciated by 395.77 basis points or 1.2 per cent to close at 33,460.14 points against 33,064.37 recorded on Tuesday.

Also, the market capitalisation, which opened at N10.578 trillion appreciated by N127 billion to close at N10.705 trillion.

Nestle led the price gainers' chart with a gain of N34 to close at N835 per share.

Lafarge Wapco followed with N3 to close at N74.20, while Ashaka Cement grew by N2.21 to close at N24.35 per share.

Total gained N2 to close at N141, while Cadbury rose by N1.77 to close at N37.27 per share.

On the other hand, Zenith Bank led the losers' chart with a loss of 25k to close at N21.25 per share.

Eternal Oil and UPL came second with 22k each to close at N4.18 and N4.55 per share respectively.

The Federal Government Bond (FG9B2017S2) lost 18k to close at N114.80, while Livestock Feeds dipped by 10k to close at N2.27 per share.

In all, investors bought a total of 901.22 million shares worth N6.2 billion traded in 8,191 deals.

This is against the 720.04 million shares worth N6.6 billion exchanged in 8,404 deals on Tuesday.


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