Transactions remain upbeat on NSE

Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note for the second consecutive day.

The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 91.72 points or 0.24 per cent to close at 37,820.22 against the 37,728.50 achieved on Tuesday.

Also, the market capitalisation rose by N30 billion or 0.24 per cent to close at N12.148 trillion compared with the N12.118 trillion recorded on Tuesday.

Nestle led the gainers’ table, appreciating by N27.11 to close at N1,000.11 per share. Total Nigeria followed with a gain of N5.40 to close at N159 per share.

Guinness gained N5.01 to close at N181, while International Breweries chalked up N1.15 to close N24.29 per share.

Ashaka Cement appreciated by 90k to close at N15.80 per share.

Conversely, Mobil topped the losers’ chart, shedding N4.99 to close at N118.01 per share.

Presco trailed with a loss of 90k to close at N40.10, while Zenith Bank declined by 41k to close at N19.70 per share.

Oando shed 25k to close at N17.56, while GT Bank lost 22k to close at N25.62 per share.

NAN reports that the volume of shares traded dropped by 16.69 per cent as 227.654 million shares worth N9.09 billion were traded in 4,234 deals.

This was against the 273.256 million shares valued at N3.56 billion exchanged in 4,939 on Tuesday.

GTBank emerged the most traded stock with 28.13million shares worth N723.25 million.

FBN Holdings followed with 25.21million shares valued at N303.41 million, while FCMB exchanged 25.20 million shares worth N84.19 million.

Zenith Bank sold 18.23 million shares worth N362.19 millio, while Transcorp accounted for 14.95 million shares valued at N55.55 million. (NAN)