NSE indices record 0.55% growth

Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on positive note with market indicators appreciating by 0.55 per cent.

The News Agency of Nigeria (NAN) reports that the All-Share Index rose by 229.75 points or 0.55 per cent to close at 41,627.43 from the 41,397.68 achieved on Tuesday.

Similarly, the market capitalisation rose by N76 billion to close at N13.745 trillion against N13.669 trillion recorded on Tuesday.

Lafarge Wapco recorded the highest price gain of N11.52 to close at N124.64 per share.

The company was trailed by Ashaka Cement which gained N2.65 to close at N28.64, while MRS Oil appreciated by N2.19 to close at N46.35 per share.

Nigerian Breweries appreciated by N1.99 to close at N183.99, while Dangote Cement rose by N1.10 to close at N229.10 per share.

Conversely, Total Oil led the losers’ chart, dropping N3 to close at N170 per share.

UACN followed with a loss of N1.83 to close at N60, while Oando lost N1.64 to close at N20.34 per share.

Berger dropped 46k to close at N8.84, while Nascon lost 30k to close at N12.70 per share.

Access Bank emerged the most active stock, accounting for N127.67 billion shares worth N1.26 billion.

Mbenefit followed with a total of 53.16 million shares valued at N26.58 million, while GTBank traded 33.64 million shares.

Transcorp sold 30.13 million shares valued at N124.08 million, while Zenith Bank traded 24.84 million shares worth N619.14 million.

In all, the volume of shares traded rose by 28.86 per cent as investors exchanged 430.92 million shares valued at N6.52 billion in 5,569 deals.

This was against the 334.42 million shares worth N5.63 billion achieved in 56,091 deals on Tuesday. (NAN)