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Investors stake N6.5bn on 406m shares on NSE

28 March 2014, 16:02

Lagos -  The volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday rose by 78.42 percent as investors traded 406.179 million shares worth N6.56 billion in 4 358 deals.

This was in contrast to the 227.654 million shares worth N9.09 billion traded in 4,234 deals on Wednesday.

The increase in the volume of shares was influenced by Hmarkins which emerged the most traded equity with 65.00 million shares worth N32.50 million.

ETI came second with 61.76 million shares valued at N803.31 million.

Meanwhile Zenith Bank accounted for 43.02 million shares worth N846.73 million.

Sterling Bank traded 42.94 million shares valued at N109.12 million, while Access Bank accounted for 38.28 million shares worth N287.29 million.

The NSE All-Share Index grew by 366.71 points or 0.97 percent to close at 38 186.93 as a result of gains posted by some highly capitalised stocks.

The market capitalisation increased by N118 billion to close at N12.266 trillion against N12.148 trillion posted on Wednesday.

Nestle remained the highest price gainer, appreciating by N24.89 to close at N1 025 per share.

It was followed by Dangote Cement, the most highly capitalised stock on NSE, with N5 to close at N235 per share.

Guinness chalked up N4 to close at N185, Cadbury gained N2 to close at N80, while Ashaka Cement appreciated by N1.19 to close at N16.99 per share.

Conversely, Flourmill led the losers' table, dropping N2.25 to close at N65 per share.

It was followed by Lafarge Wapco with a loss of N1.10 to close at N109.50, while Oando Oil lost 65k to close at N16.91 per share.

Berger depreciated by 48k to close at N9.12, while Unilever dipped 35k to close at N45.15 per share.

-   NAN

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