Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on positive note for the third consecutive day.
The All-Share Index appreciated further by 296.73 basis points or 0.88 per cent to close at 33,967.48 against the 33,670.75 achieved on Tuesday.
Similarly, the market capitalisation rose by N98 billion to close at N11.250 trillion compared with the N11.152 trillion recorded on Tuesday.
Nigerian Breweries Plc topped the gainers’ table by N8.09 to close at N164.98 per share. Seven Up followed with a gain of N7.08 to close at N148.83, while Forte Oil gained N5.34 to close at N207.99 per share. Cadbury chalked up N3.92 to close N42.30, while Mobil gained by N3.50 to close at N165 per share.
Seplat topped the losers’ chart for the second day, shedding N25.42 to close at N483.11 per share. Nestle trailed with a loss of N15 to close at N910, while Flourmill shed N2.78 to close at N52.64.Guinness lost N1.32 to close at N163.68 per share and Champion Breweries declined by 96 kobo to close at N8.98 per share.
The volume of shares traded also appreciated by 6.8 per cent with 299.912 million shares worth N7.6 billion traded in 6,120 deals. This was against the 280.704 million shares valued at N3.74 billion exchanged in 5,118 on Tuesday.
Continental Reinsurance emerged the most traded stock with 39.87 million shares worth N35.5 million. UBA followed with 24.9 million shares valued at N130.4 million, while FBN Holdings exchanged 22.2 million shares.
Source : Leadership
