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NSE market indicators improve further by 0.10%

16 July 2014, 15:01

Lagos - Equity transactions on the Nigerian Stock Exchange (NSE) maintained an upbeat trend on Tuesday as the market indicators grew further by 0.10 percent.

The overall market significant rally was due to price gains sustained by some highly capitalised companies.

The shares price growth impacted positively on the market capitalisation that closed at N14.189 trillion, compared with the N14.175 trillion posted on Monday.

The All-Share Index also rose by 40.96 points to close at 42 971.56 points, as against the 42 930.60 points achieved on Monday.

An analysis of the price movement chart indicated that Mobil topped the gainers' table by N5.15, to close at N140.15 per share.

Forte Oil followed with N5 to close at N240, while Lafarge Wapco appreciated by N4.60 to close at N117.60 per share.

Nestle advanced by N2 to close at N1 112 and CAP gained N1.95, to close at N40.95 per share.

On the other hand, Nigerian Breweries led the losers' chart with N2.38, to close at N172.22 per share.

Ashaka Cement trailed with a loss of N1.70 to close at N32.47, while Guinness dropped N1.40 to close at N198.02 per share.

CCNN dropped 40k to close at N11, while Nascon lost 28k to close at N11.12 per share.

251.76 million shares worth N3 billion were traded by investors in 5 692 deals, as against the 468.56 billion shares worth N6.20 billion sold in 5 502 deals on Monday.

Transcorp emerged the most-traded stock, accounting for 27.44 million shares worth N160.02 million in 408 deals.

FBN Holdings followed with 18.96 million shares valued at N309.96 million traded by investors in 469 deals, while AIICO insurance exchanged 14.958 million shares worth N11.87 million in 40 deals.

-       NAN

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