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NSE moves 360.03m shares worth N6.52bn

27 May 2014, 11:35

Lagos -  Investors on the Nigerian Stock Exchange (NSE) on Monday staked N6.52 billion on 360.03 million shares transacted in 4 816 deals.

The turnover increased by 81.81 percent, compared to 198.03 million shares, worth N3.09 billion traded in 5 187 deals on Friday.

Multiverse emerged the most-traded equity, with 105 million shares worth N52.50 million achieved in one deal.

Wapic Insurance came second on the activity chart, accounting for 44.35 million shares valued at N34.91 million traded in 127 deals, while Oando traded 35.12 million shares worth N724.43 million exchanged in 563 deals.

Access Bank sold 18.15 million shares valued at N169.85 million traded in 186 deals, while Dangote Cement transacted 16.99 million shares worth N3.79 billion in 42 deals.

The NSE All-Share Index dropped marginally by 76.36 basis points or 0.19 percent to close at 39 755.47, as against 39 831.83 achieved on Friday.

Nestle recorded the highest price to lead the laggards' table, dropping N10.01 to close at N1 069.99 per share.

Lafarge Wapco trailed with a loss of N2.44 to close at N110.06, while Mobil declined by N1 to close at N129 per share.

Oando shed 98k to close at N19.02 and Caverton Petroleum Development lost 68k to close at N6.34 per share.

However, the market capitalisation closed higher at N13.154 trillion, compared to N13.152 trillion posted on Friday.

On the other hand, Julius Berger led the gainers' table, appreciating by N3.49, to close at N75.49 per share.

UACN followed with a gain of N2.80 to close at N60.80, while Flour Mills Nigeria advanced by N2.50 to close at N73 per share.

Cadbury grew by N1.47 to close at N75.31 and Presco improved by N1.20 to close at N36.50 per share.

-    NAN

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