Transactions maintain upbeat trend on NSE

Weekly transactions on the Nigerian Stock Exchange (NSE) on Friday ended on positive note for the fourth consecutive day.

The News Agency of Nigeria (NAN) reports that Nestle remained the highest price gainer with N25 to close at N1,050 per share.

It was followed by Total Oil which gained N13.95 to close at N172.95, while Guinness grew by N9.25 to close at N194.25 per share.

Dangote Cement appreciated by N4.75 to close at N239.75, while Mobil Oil rose by N3.99 to close at N122 per share.

Consequently, the NSE All-Share Index improved by 144.85 points or 0.38 per cent to close at 38,331.78 in contrast to the 38,186.93 achieved on Thursday.

Also, the market capitalisation, which opened at N12.266 trillion, gained N46 billion or 0.38 per cent to close higher at N12.312 trillion.

On the contrary, CAP topped the laggards with a loss of N4.38 to close at N40.62 per share.

UACN lost N2.95 to close at N56.41, while Cadbury depreciated by N1.45 to close at N78.55 per share.

Nigerian Breweries dropped N1 to close at N150, while Stanbic IBTC Bank dipped by 70k to close at N20.30 per share.

In all, a total of 448.107 million shares worth N4.05 million were traded by investors in 3,640 deals.

This was against the 406.179 million shares valued at N6.56 billion traded in 4,358 deals on Thursday.

Sterling Bank emerged the investors’ delight, accounting for 160.82 million shares worth N397.37 million. (NAN)