NSE index rises by 0.02% in cautious trading
Trading on the Nigerian Stock Exchange (NSE) on Wednesday ended on a cautious note with Nestle Nigeria leading the gainers’ table for the third consecutive day.
Nestle gained ₦38.84 to close at ₦1,300 per share.
Unilever came second with a gain of ₦2.15 to close at ₦39 95, while Zenith International Bank gained 31k to close at N24.55 per share.
Dangote Sugar improved by 12k to close at ₦15.42, while International Breweries appreciated by 10k to close at ₦51.80 per share.
Consequentely, the All-Share Index recorded a marginal growth of 8.69 points or 0.02 per cent to close at 36,608.76 against 36,600.07 posted on Tuesday.
Also, the market capitalisation which opened at ₦12.738 trillion inched seven billion naira to close at ₦12.745 trillion.
On the other hand, Nigerian Breweries recorded the highest loss, declining by ₦4 to close at ₦130 per share.
Glaxosmithkline trailed with a loss of ₦2.45 to close at ₦22.50, while Flour Mills Nigeria was down by ₦1.65 to close at ₦31.50 per share.
Julius Berger dipped ₦1.33 to close at ₦28, while UACN declined by 68k to close at ₦16.35 per share.
A breakdown of the activity chart indicates that Union Bank of Nigeria was the most active, accounting for 70.74 million shares worth ₦480.18 million.
Custodian and Allied Insurance followed with an exchange of 55.18 million shares valued at ₦207.02 million, while Tantalisers traded 43 million shares worth ₦21.50 million.
United Bank for Africa exchanged 31.05 million shares valued at ₦302.15 million and Fidelity Bank sold 28.36 million shares worth ₦45.33 million.
In all, investors bought and sold 331.24 million shares valued at ₦5.56 billion in 3,231 deals against 257.93 million shares worth ₦3.29 billion achieved in 3,423 deals Tuesday, an increase of 28.42 per cent.
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