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Stock market indicators up by 0.29%

12 June 2014, 15:30

Lagos - Equities transactions on the Nigerian Stock Exchange (NSE) recorded marginal improvement on Wednesday, rising by 0.29 percent.

The appreciation was due to price gains made by some capitalised companies.

At the end of the day’s trading, market capitalisation closed at N13.75 trillion as against N13.71 trillion recorded on Tuesday.

Similarly, the All-Share Index increased by 12.16 points or 1.29 percent to close at 41,642.56 points, higher than 41 521.40 points achieved on Tuesday.

Analysis of the price movement chart, showed that Mobil gained N5.05 to top the gainers' table, closing at N131.05 per share.

Dangote Cement came second with N3.40 gain to close at N230 per share while Conoil appreciated by N2.85 to close at N59.85 per share.

The value of UAC-Property stocks rose by 75k to close at N18 and Betaglas gained 59k to close at N16.59 per share.

Conversely, Nestle led the losers' chart with N10.01 to close the day’s transaction at N1 070 per share.

Lafarge Wapco trailed with a loss of N2.29 to close at N109.70, while Unilever lost N1.05 to close at N49.60 per share.

Guinness also lost N1.01 to close at N179 per share, while Nigerian Breweries dropped N1 to also close at N179 per share.

A total of 468.913 million shares worth N3.85 billion were traded by investors in 5 153 deals as against 1.407 billion shares worth N8.47 billion traded in 5 686 deals on Tuesday.

MTI emerged the most traded stock, accounting for 200 million shares worth N100 million at the trading.

It was followed by Transcorp with a total of 35.16 million shares valued N150.97 million, while UBA exchanged 35.14 million shares worth N281.97 million.

 Diamond Bank sold 24.77 million shares valued N166.07 million while FBN Holdings sold 20.72 million shares worth N322.88 million.

-     NAN

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