NSE All-Share Index up by 86.28 points

Equity transactions on the Nigerian Stock Exchange (NSE) ended on Wednesday on the upbeat note with the All-Share Index improving by 86.28 points.

The News Agency of Nigeria (NAN) reports that Index rose by 0.22 per cent or 86.28 points to close at 38,469.33 in contrast to 38,383.05 achieved on Tuesday.

The market capitalisation, which opened at N12.329 trillion, grew by N27 billion or 0.22 per cent to close at N12.356 trillion.

Lafarge Cement recorded the highest price gain of N5.22 to close at N109.72 per share.

Presco followed with a gain of N2 to close at N42 per share.

International Breweries gained N1.12 to close at N27.80, while Betaglas and Unilever appreciated by 95k each to close at N19.95 and N46.10 per share, respectively.

Conversely, Nigerian Breweries topped the losers’ chart, losing 75k to close at N150.25 per share.

Julius Berger trailed with a loss of 40k to close at N70.85, while GTBank lost 28k to close at N26.02 per share.

Nascon depreciated by 27k to close at N11.86, while Honeyflour declined by 16k to close at N3.65 per share.

However, the volume of shares traded declined by 10.88 per cent as 329.603 million shares worth N4.47 billion were traded in 4,518 deals.

This was in contrast to the 369.840 million shares valued at N4.86 billion traded in 4,494 deals on Tuesday.

The financial service sector remained investors’ delight with Access Bank emerging as the most traded stock with 42.03 million shares worth N312.88 million traded in 154 deals.

It was followed by Zenith Bank with 37.33 million shares valued at N787.48 in 286 deals, while Fidelity Bank traded 33.82 million shares worth N68.70 million in 132 deals.

Diamond Bank exchanged 26.93 million shares valued at N174.99 million in 99 deals, while UBA sold 24.20 million shares worth N169.98 million in 334 deals. (NAN)