Equity Transactions Reverse To Bullish Trend On NSE

Activities at the Nigerian Stock Exchange (NSE) on Wednesday reversed to the upward trend after depreciating for two consecutive days.

Meanwhile, the market capitalisation and the All-Share Index for the two days of bearish trade amounted to a total N26.92 trillion and 81,521.32 points respectively.

The News Agency of Nigeria (NAN). reports that the market capitalisation, which opened at N13.385 trillion increased by 0.67 per cent or N90 billion to close at N13.475 trillion.

Similarly, the All-Share Index rose by 272.12 points or 0.67 per cent to close at 40,809.32, compared with 40,537.20 declared on Tuesday following price depreciation.

Guinness led the gainers’ chart by N6.01 to close at N180 per share.

Dangote Cement gained N6 to close at N225, while Glaxosmith grew by N4.74 to close at N64.74 per share.

GTBank appreciated by 9k to close at N28.9, while Champion chalked up 43k to closed at N9.45 per share.

On the other hand, Nestle recorded the highest price loss, shedding N19.9 to close at N10.50 per share.

Seplat trailed with a loss of N10 to close at N640, while Mobil dipped N5.95 to close at N174 per share.

Forte Oil lost N5.85 to close at N219, while Lafarge Wapco went down by N1.5 to close at to close at N128.5 per share.

The financial services sector came as the investors’ delight as UBCAP emerged the most traded equity with 154.38 million shares valued N324.15 million.

AIICO Insurance exchanged 42.62 million shares worth N34.09 million, while NEM Insurance sold 27.19 million shares worth 22.91 million.

Zenith Bank traded 21.42 million shares worth N514.00 million, while GTBank accounted for 19.31 million shares worth N544.76 million.

Consequently, the volume of shares traded increased by 45.31 per cent as investors exchanged a total of 427.766 million shares worth N11.90 billion in 4,342 deals.

This is against the 294.390 million shares valued at N3.49 billion traded in 5,097 deals on Tuesday. (NAN)

Source : Leadership

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