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Capital market indices appreciate by 1.15%

23 May 2014, 12:49

Lagos - Equities transactions on the Nigerian Stock Exchange (NSE) maintained an upward trend on Thursday as the market indices improved by 1.15 per cent.

The appreciation was due to price gains by major equities.

As result of the bullish trading, the market capitalisation closed higher at N13.060 trillion when  compared with N12.911 trillion posted on Wednesday.

Equally, the All-Share Index increased by 450.23 basis points or 1.15 percent to close higher at 39 553.00 against the 39 102.77 achieved on Wednesday.

Forte Oil led the gainers' table by N5.70 to close at N169.20 per share.

Nigerian Breweries came second with N3.81 to close at N173.01, while Cadbury Nigeria appreciated by N2.89 to close at N73.84 per share.

Oando advanced by N1.69 to close at N18.28 and Nestle gained N1.02 to close at N1 071.02.

On the other hand, Beta Glass led the losers' chart by 89k to close at N17.07 per share.

Caverton trailed with a loss of 82k to close at N7.76, while Ecobank Transnational Incorporated dropped 50k to close at N15 per share.

UAC Property dropped 48k to close at N16.57, while PZ Cussons lost 47k to close at N34.83 per share.

However, the volume of shares traded dropped by 68.58 per cent as investors staked N3.18 billion on 267.78 million shares transacted in 3 937 deals.

This was against the 852.31 million shares worth N10.22 billion traded in 4 689 deals on Wednesday.

Transcorp emerged the most traded stock, accounting for 44.49 million shares worth N164.59 million.

GTBank followed with a total of 37.92 million shares valued N1.04 billion, while Learn Africa exchanged 21.90 million shares worth N39.81 million.

FBN Holdings transacted 19.29 million shares valued N263.09 million, while Wema Bank sold 13.99 million shares worth N13.09 million.

-     NAN

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