NSE indices appreciate by 0.47%

For the third consecutive day, activities on the Nigerian Stock Exchange (NSE) maintained the positive trend on Wednesday with market indicators appreciating by 0.47 per cent.

The News Agency of Nigeria (NAN) reports that the All-Share Index rose by 183.95 points or 0.47 per cent to close at 39,138.97 from the 38,955.02 achieved on Tuesday.

Similarly, the market capitalisation rose by N60 billion to close at N12.90 trillion compared with the N12.83 trillion recorded on Tuesday.

Nigerian Breweries recorded the highest price gain of N3.50 to close at N158.60.

The company was trailed by Forte Oil which gained N1.01 to close at N150, while UAC Property appreciated by 78k to close at N18.46 per share.

UACN and Stanbic IBTC appreciated by 63k and 50k each to close at N56.50 and N22.50 per share, respectively.

Conversely, Total led the losers’ chart, dropping N6 to close at N154 per share. Mobil followed with a loss of N5.45 to close at N125.55, while UPDC REIT lost 55k to close at N10.47 per share.

Ashaka Cement dropped 50k to close at N19.50, while GTBank lost 49k to close at N27.50 per share.

MTI, the most active stock, traded 101 million shares worth N50.500 million.

Zenith Bank followed with a total of 59.77 million shares valued at N1.38 billion, while UBA traded 36.87 million shares worth N266.12 million.

UBA Capital sold 26.78 million shares valued at N66.47 million, while FBN Holdings traded 20.11 million shares worth N274.82 million.

In all, the volume of shares traded rose by 52.28 per cent as investors exchanged 414.78 million shares valued at N4.46 billion in 4,945 deals.

This was against the 272.38 million shares worth N3.12 billion achieved in 5,211 deals on Tuesday. (NAN)