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NSE index up 0.27% on NB gain

By on August 31, 2013

After several days of closing in the red, the basic indicators of the Nigerian Stock Exchange (NSE) turned green on Thursday, as gains mainly by Nigerian Breweries Plc, the second largest company by market capitalisation drove equities capitalisation up by N32.057 billion.

The All-Share Index added 101.07 basis points or 0.27 per cent to close at 36,400.37 points as against 36,299.30 points it recorded on Wednesday.

NB shares appreciated by 599 kobo to close at N167.99 each; followed by Julius Berger’s 278 kobo; Cadbury Nigeria closed 185 kobo up; ahead of Champion Breweries’ 154 kobo; while Dangote Sugar Refinery notched 36 kobo; among others.

GlaxoSmithKline Consumer however led the laggards, shedding 500 kobo; Total Nigeria depreciated by 290 kobo; Northern Nigerian Flour Mills lost 81 kobo; Evans Medical dropped 47 kobo; while Nigerian Aviation Handling Company dropped 32 kobo.



[Daily Independent]