NSE: Market indices record 0.18% growth

NSE, equity,Nestle Nigeria

By Chinyere Joel-Nwokeoma

The Nigeria equity market on Thursday appreciated marginally by 0.18 per cent to halt the six-day consecutive downward trend.

The News Agency of Nigeria (NAN) reports that the All-Share Index improved marginally by 48.06 points or 0.18 per cent to close at 26,221.75 compared with 26,173.69 recorded on Wednesday.

Also, the market capitalisation which opened at N9.010 trillion inched N18 billion or 0.18 per cent to close at N9.029 trillion.

NAN reports that Guaranty Trust Bank recorded the highest price gain to lead the gainers’ table, gaining 96k to close at N21.61 per share.

International Breweries followed with a gain of 53k to close at N19.53 and Zenith International Bank gained 49k to close at N14.70 per share.

Access Bank appreciated by 15k to close at N5.30, while Air Service and Logistics grew by 13k to close at N2.90 per share.

On the other hand, Total led the laggards’ table with a loss of N25.88 to close at N290 per share.

Forte Oil trailed with a loss of N9.67 to close at N104.05 and Mobil Oil lost N4.99 to close at N185.01 per share.

Nigerian Breweries dipped N1.50 to close at N142, while Cadbury depreciated by N1.25 to close at N11.70 per share.

NAN also reports that a total of 137.64 million shares valued at N990.95 million were exchanged by investors in 3,283 deals.

This was in contrast with 146.11 million shares worth N1.04 billion traded in 3.031 deals on Wednesday.

Sterling Bank was investors delight with an exchange of 27.69 million shares valued at N22.15 million.

Chams accounted for 25.10 million shares worth N12.55 million and GT Bank sold 16.95 million shares valued at N366.65 million.

Access Bank transacted 11.28 million shares worth N60.17 million, while Zenith traded 9.70 million shares valued at N144.82 million.

Source: NAN