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NSE Index rises by 0.16%

By on January 30, 2015

The equities segment of the Nigerian Stock Exchange closed on a positive note on Wednesday with the top market indicators rising marginally.

For instance, the NSE All-Share Index appreciated by 0.16 per cent or 48.6 basis points from 29,859.06 basis points to 29,907.66 basis points.

Similarly, the market capitalisation of the listed equities was up by 0.16 per cent or N16bn to close at N9.961tn, compared to the 0.27 per cent appreciation it recorded the previous day to close at N9.945tn.

A total of 242.766 million shares valued at N3.670bn were exchanged by investors in 3,892 deals on Wednesday, compared to the 468.182 million shares worth N4.675bn that were traded a day earlier in 4,346 deals.

The most traded equities for the day, according to the NSE , were Access Bank Plc, Unilever Nigeria Plc, Diamond Bank Plc, FBN Holdings Plc and United Bank for Africa Plc.

In all, 23 stocks recorded price appreciation, while 18 stocks recorded price depreciation.

Guinness Nigeria Plc was among the top gainers for the day. It rose by N2.99 to close at N131.99 per share. Forte Oil Plc gained N2.98 to close at N227.98 per share, while Unilever Nigeria Plc rose by N1 to close at N34.5 per share.

PZ Cussons Nigeria Plc was up by 75 kobo to close at N27 per share, while Seplat Petroleum Development Corporation rose by 51 kobo to close at N301.51 per share.

On the other hand, Lafarge Africa Plc led the losers, shedding 95 kobo to close at N81.05 per share.

Nigerian Breweries fell by 89 kobo to close at N114per share as Flour Mills of Nigeria Plc lost eight kobo to close at N39 per share.

Also among the losers were Oando Plc and Red Star Express Plc, which declined by 28 kobo and 18 kobo to close at N15.6 and N3.44 per share, respectively.

 

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