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Investors transact 569.6m shares on NSE

31 October 2013, 17:17

Lagos - The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday increased by 93.48 per cent, with an exchange of 569.65 million shares worth N3.54 billion in 5 043 deals.

The News Agency of Nigeria (NAN) reports that this was against a total of 294.42 million shares valued at N3.21 billion achieved in 5 151 deals on Tuesday.

Equity Assurance was the investors' delight, accounting for 268.99 million shares worth N134.49 million.

Access Bank came second on the activity chart with 29.99 million shares valued at N280.56 million, while Ecobank Transnational Incorporated sold 28.05 million shares worth N387.15 million.

NAN reports that investors staked N623.54 million on 24.69 million shares of GT Bank, while Wapic Insurance accounted for 22.53 million shares worth N19.59 million.

However, the All-Share Index dropped by 141.46 basis points or 0.38 per cent, to close at 37 373.09, from the 37 514.55 achieved on Tuesday, due to price loses.

Similarly, the market capitalisation, which opened at N11.986 trillion lost N45 billion or 0.38 per cent, to close at N11.941 trillion.

Larfarge WAPCO recorded the highest loss of N3.30, to close at N102 per share.

Julius Berger trailed with a loss of N2 to close at N75, while PZ Cussons lost N1.38 to close at N37.62 per share.

Unilever dipped by 98k to close at N59.02, while Stanbic IBTC dropped 45k to close at N19.50 per share.

Conversely, MRS Oil led the gainers' table by N2.73, to close at N39.98 per share.

Cadbury followed with a gain of N2.70 to close at N56.50, while Presco improved by 50k to close at N35 per share.

Nigerian Breweries and UAC Property gained 49k and 28k, respectively, to close at N173.99 and N18.78 per share, each.

-  NAN


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