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Nestle gain lifts NSE indices by 0.63%

Some blue chips recorded price appreciation on the Nigerian Stock Exchange (NSE) with the market indicators improving by 0.63 per cent.

Nestle recorded the highest gain to lead the gainers’ table, growing by N12.50 to close at N1,422.50 per share.

Betaglass followed with a gain of N3.55 to close at N75.50 , while GlaxosmithKline added N2.65 to close at N34 per share.

Julius Berger appreciated by N1.95 to close at N25.95, while Lafarge Africa advanced by N1.60 to close at N46.60 per share.

Consequently, the market capitalisation improved by N92 billion or 0.62 per cent to close at N14.733 trillion as against N14.641 trillion on Monday.

Similarly, the All-Share Index which opened at 40,533.37 inched 255.31 points or 0.63 per cent to close at 40,788.68.

On the other hand, Okomu Oil Palm topped the losers’ chart, declining by N3.15 to close at N75.50 per share.

Presco trailed with a loss of N1.35 to close at N68.65, while Cement Company of Northern Nigeria dropped by 65k to close at N19.50 per share.

Dangote Cement depreciated by 50k to close at N249, while UACN was down by 30k to close at N17.20 per share.

NAN reports that the volume of shares traded closed upbeat as investors staked N10.91 billion on 1.60 billion shares transacted in 4,729 deals.

This was against a turnover of 192.49 million shares valued at N3.13 billion achieved in 3,917 deals on Monday.

FCMB Group of the banking industry led the activity chart, exchanging 952.53 million shares worth N2.35 billion.

United Bank for Africa followed with an account of 382.47 million shares valued at N4.21 billion while Zenith International Bank traded 65.23 million shares worth N1.76 billion.

Access Bank sold 51.85 million shares worth N585 million, while Japaul Oil and Maritime exchanged 20.34 million shares valued at N10.56 million. (NAN)

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