Investors Stake N7.59bn On Shares

Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N7.59 billion on 299.9 million shares in 6,120 deals.

The News Agency of Nigeria (NAN) reports that the volume of transactions represented 6.84 per cent increase over the 280.70 million shares worth N3.74 billion traded in 5,118 deals on Tuesday.

Continsure emerged the most traded stock, accounting for 39.87 million shares valued at N35.49 million traded in 10 deals.

UBA came second on the activity, trading 24.94 million shares worth N130.39 million in 357 deals, while FBN Holdings sold 22.21 million shares valued N239.03 million in 677 deals.

Market capitalisation appreciated by N98 billion or 0.88 per cent to close at N11.25 trillion from N11.15 trillion posted on Tuesday.

Similarly, All-Share Index rose by 296.73 points or 0.88 per cent to close at 33,967.48 as against 33,670.75 points achieved on Tuesday.

Nigerian Breweries recorded the highest price gain of N8.09 to close at N164.98 per share.

It was followed by 7UP, which gained N7.08 to close at N148.83, while Forte Oil improved on its shares’ value by N5.34 to close at N207.99 per share.

Cadbury gained N3.92 to close at N42.30 per share while Mobil Oil garnered N3.50 rise in value to close at N165 per share.

Conversely, Seplat led the losers’ chart with a drop of N25.42 to close at N483.11 per share.

Nestle trailed with a loss of N15 to close at N910 per share, while Flour Mill dipped by N2.78 to close at N52.64 per share.

Guinness also depreciated by N1.32 to close at N163.68 per share while Champion lost 96 kobo to close at N8.98 per share. (NAN)

Source : Leadership

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