Monday, 21 October 2013

NSE: Market Index Appreciates

LAGOS - Transactions on the Nigerian Stock Exchange (NSE) closed on a positive note on Friday with the market indices recording an increase of 0.23 per cent.

Reports say that the All-Share Index appreciated by 85.38 basis points or 0.23 per cent to close at 37,342.73.

This is against the 37,257.35 recorded on Thursday.

The market capitalisation also grew by N27 billion to close at N11.897 trillion from N11.870 trillion recorded on Thursday.

Nestle led the gainers’ chart with N40 to close at N1,040 per share.

Forte Oil followed with N5.97 to close at N64.30 per share, while the Con Oil grew by N3.24 to close at N34.99 per share.

The share price of Total Plc appreciated by N3 to close at N167, while Cadbury’s share price also moved up by N2 to close at N57 per share.

On the other hand, Guinness led the price losers’ chart with N3.99 to close at N246.01 per share.

Dangote Cement dipped by N3.80 to close at N186.20 per share, while Mobil lost N1 to close at N118 per share.

Okomu Oil depreciated by 82k to close N44.13 per share, while GT Bank fell by 23k to close at N25.30 per share.

Investors traded on 52.52 million shares of Unity Bank worth N29.15 million, while 29.73 million shares of UBA valued at N232.03 million exchanged hands.

In all, investors exchanged 364.73 million shares worth N4.8 billion in 5,850 deals on Friday, against N284.09 million shares valued at N3.8 billion traded in 4,950 deals on Thursday.

Source: The Nigerian Observer

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