NSE’s indices appreciate further by N43 billion


Transanctions on equities on the floor of the Nigerian Stock Exchange (NSE) continued in an upward trend yesterday, as more blue-chip stocks joined the league of gainers, resulting to further rise in market capitalisation by N43billion.

Yesterday, market capitalisation of listed equities rose by N43billion to N12.853trillion from N12.810trillion recorded the previous day.
Also, the All- share index increased by 124.80 points to 37138.37 from 37013.57 reported on Tuesday.

Investors traded 193.477 million shares worth N1.807billion in 3904 deals, against 305.171 million shares worth N2.905billion exchanged the previous day in 4399 deals.


International Breweries emerged the day’s highest price gainer, adding 4.20 kobo to close at N45.20 per share, while Dangote Cement followed with a gain of 2.00 kobo to close at N231.00 per share.

National Salt Company of Nigeria on increased by 0.46 kobo to close at N15.98 per share. Cadbury Nigeria Plc appreciated by 0.40 kobo to close at N10.75 per share. FBNHoldings added 0.12 kobo to close at N7.19 per share.

On the contrary, Seven UP Bottling Company Nigeria led others on the losers’ chart, shedding 0.60 kobo to close at N84.40 per share. Flour Mills Nigeria trailed with a loss of 0.50 kobo to close at N34.00 per share. Zenith International Bank fell by 0.22 kobo to close at N25.58 per share. Nigerian Breweries depreciated by 0.21 kobo to close at N143.89 per share. Redstarex depreciated by 0.18 kobo to close at N4.80 per share.

Further breakdown of the transactions showed that Diamond Bank was the most active stock for the day, exchanging 36.283 million shares worth N43.611million. FBNHoldings followed with account of 35.182 million shares valued at N248.768million. Fidelity Bank accounted for 19.453 million shares cost N32.949million. FCMB Group exchanged 17.445 million shares worth N20.895million.