Nigeria Stock Exchange: Equity transactions record marginal rise

Nigerian Stock Exchange
Nigerian Stock Exchange

Equity transactions on the Nigerian Stock Exchange, NSE, on Wednesday recorded marginal positive movement, with a 0.07 per cent rebound, and about N7 billion appreciation, after slumping for two consecutive days of trading.

Market capitalisation at the close of trading closed at N9.454 trillion against N9.447 trillion on Tuesday.

The all-share index recorded marginal gain by 18.81 points to close at 27,522.62, compared with 27,503.81 recorded on Tuesday.

Guinness Nigeria PLC recorded the highest price gain to lead the gainers’ chart, with N1.88 increase in price to close at N97.85 per share.

Seplat Energy followed closely with a N1.87 gain in price to close at N320.2, while Lafarge Wapco appreciated by N1.7 to close at N58 per share.

Unilever increased by N1.01 to close at N40.04, with Nigerian Breweries up by 19k to close at N140.2 per share.

Conversely, 7UP topped the losers’ chart, dropping by N7.24 to close at N137.66 per share, while Forte oil trailed with a loss of N6.94 to close at N165.06 per share.

Total Oil shed N1.00 to close at N240, while Mobil Oil dipped by 72k to close at N170.06 and UACN went down by 7k to close at N20.8 per share.

In the same vein, the volume of shares traded closed higher with an exchange of 295.71million shares valued at N3.59 billion transacted in 3,709 deals.

The performance of the shares contrasted with the 1,796.78 million shares worth N1.89 billion traded in 3,682 deals on Tuesday.

Guaranty Trust Bank drove the turnover volume, accounting for 68.95 million shares valued at N1.85 billion, followed by Access Bank with a total of 30.76 million shares worth N166.34 million. Fidelity Bank sold 26.96 million shares valued at N24.56 million.

UBA Bank traded 26.62 million shares valued at N24.56 million and Zenith Bank transacted 23.14 million shares worth N337.98 million.


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