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NSE index appreciates marginally

09 May 2014, 18:53

Lagos - The All-Share Index of the Nigerian Stock Exchange (NSE) appreciated marginally by 0.14 percent in spite of drop in volume of shares traded.

The index, which opened at 38 85.99, grew by 54.45 points or 0.14 percent to close higher at 38 640.44.

Also, the market capitalisation rose by N18 billion or 0.14 percent to close at N12.72 trillion against N12.70 trillion achieved on Wednesday.

Mobil led the gainers' chart, gaining N5.90 to close at N129.40 per share.

Ashaka Cement came second with a gain of 80k to close at N19.80 per share.

Okomu Oil appreciated by 66k to close at N35.60, while Oando garnered 52k to close at N16.

Guinness gained 50k to close at N180.50 per share.

On the other hand, Nestle topped the laggards' chart, shedding N9.51 to close at N1 070.49 per share.

Lafarge Wapco trailed with N1.99 to close at N110, while UACN dropped N1 to close at N56 per share.

Nigerian Breweries lost N1 to close at N149, while PZ Cussons depreciated by 40k to close at N35.60 per share.

The volume of shares traded dropped by 6.58 per cent as a total of 300.78 million shares worth N2.89 billion were traded in 3 990 deals.

FCMB emerged the most traded stock with a turnover of 32.94 million shares worth N116.67 million.

It was followed by ETI which had 24.39 million shares valued at N317.22 million, while UBA Capital sold 21.49 million shares worth N48.03 million.

ABC Transport traded 19.52 million shares valued at N15.62 million, while Zenith Bank accounted for 17.76 million shares worth N408.02 million.


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