22 January 2016

Nigerian Stock Market Indices Up By 0.59 Per Cent

The market indices of the Nigerian Stock Exchange (NSE) on Friday, appreciated further by 0.59 per cent following price appreciation.

The News Agency of Nigeria (NAN) reports that the All-Share Index improved by 139.83 points or 0.59 per cent to close at 23,826.50 against 23,686.67 achieved on Thursday.

Similarly, the market capitalisation which opened at N8.146 trillion rose by N48 billion or 0.59 per cent to close at N8.194 trillion.

A breakdown of the activity chart indicated that investors' exchanged a turnover of 1.01 billion shares valued N1.89 billion traded in 4,229 deals.

NAN reports that this was in contrast with 476.15 million shares worth N3.64 billion transacted in 5,398 deals on Thursday.

Equity Assurance drove the volume of shares traded, accounting for 750.45 million shares worth N375.22 million transacted in 13 deals.

It was followed by FBN Holdings which sold 30.39 million valued N139.77 million exchanged in 443 deals, while UBA accounted for 29.76 million shares worth N89.28 million in 327 deals.

Investors' bought and sold 28.80 million shares of Zenith Bank valued N329.11 million in 591 deals and FCMB recorded 24.23 million shares worth N24.29 million achieved in 193 deals.

Also, 7UP recorded the highest price gain to lead the gainers' table, appreciating by N13.71 to close at N186.70 per share.

Seplat grew by N4.97 to close at N156.71, while Guinness garnered N4.85 to close at N101.85 per share.

Nigerian Breweries inched N2.50 to close at N108, while Cadbury improved by N1.29 to close at N13.89 per share.

Conversely, Nestle topped the losers' chart, dropping by N37 to close at N707.15 per share.

Forte Oil lost N16.50 to close at N313.50, while Northern Nigeria Flour Mill shed 42k to close at N8.13 per share.

International Breweries dropped 40k to close at N15.90 and Caverton dipped 11k to close at N2.24 per share.



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