Nigerian Market Indices Record 1.6 % Growth

Nigerian Market Indices Record 1.6 % Growth

Trading on the Nigerian Stock Exchange (NSE) ended on impressive note on Thursday with some blue chips recording price gains.

The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 560.63 points or 1.6 per cent to close at 36,509.63 against 35,949.00 trillion recorded on Wednesday.

Also, the market capitalisation, which opened at N11.384 trillion, appreciated by N178 billion to close at N11.562 trillion.

Nestle led the price gainers’ chart with a gain of N20 to close at N970 per share. Nigerian Breweries followed with a gain of N6 close at N163, while Lafarge Wapco grew by N5.60 to close at N89.60 per share. Dangote Cement gained N2.30 to close at N182.38, while GTBank rose by 66k to close at N25.16 per share.

On the other hand, Julius Berger led the losers’ chart with a loss of N1.49 to close at N65 per share. UACN came second with a loss of 50k each to close at N53 per share, while Eternal Oil dropped 37k to close at N3.38 share. Fidson lost 22k to close at N2.05 per share, while Cadbury dipped by 11k to close at N56.89 per share.

In all, investors exchanged 4.42 billion shares worth N2.7 billion in 4,971 deals against the 1.82 billion shares worth N4.1 billion exchanged in 5,261 deals on Wednesday. 

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