NSE market indices up by 0.28 per cent

Equities’ transactions on the Nigerian Stock Exchange (NSE), Lagos, closed on Wednesday on a positive note with the market capitalisation improving by N35 billion.

The market capitalisation rose by 0.28 per cent to close at N12.702 trillion compared with N12.667 trillion posted on Tuesday due to price gains by some blue chip companies.

Equally, the All-Share Index increased by 105.92 basis points to close higher at 38,585.99 against 38,480.07 achieved on Tuesday as a result of price growth.

A breakdown of the price movement chart indicated that Seplat for the second consecutive time led the gainers’ table, appreciating by N33.13 to close at N696.12 per share.

Mobil followed with N8.80 to close at N123.50, while Guinness improved by N3.98 to close at N180 per share.

Lafarge WAPCO increased by N1.97 to close at N111.99, while Nigerian Breweries gained N1.28 to close at N150 per share.

On the other hand, CAP topped the losers’ chart, dropping N1.35 to close at N39 per share.

Dangote Cement trailed with a loss of N1.28 to close at N224.64, while Julius Berger lost 90k to close at N68.50 per share.

Also, Jos International Breweries dipped 17k to close at N3.42, while Fidson lost 13k to close at N2.36 per share.

In all, investors bought and sold 321.98 million shares valued at N3.24 billion traded in 3,952 deals.

This is in contrast with 511.32 million shares worth N4.63 billion exchanged in 5,209 deals on Tuesday.

Continental Insurance was the most active stock, accounting for 99.06 million shares, valued at N97.08 million.

It was followed by the Access Bank with 31.41 million shares worth N284.05 million, while GT Bank traded 18.19 million shares worth 482.07 million.

FCMB recorded a turnover of 17.97 million shares valued at N63.70 million, while Transcorp sold 17.44 million shares worth N63.61 million. (NAN)