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Nestle leads gainers on NSE, as investors stake N12.5b

By Helen Oji   |   13 March 2017   |   4:08 am

PHOTO: blogs.reuters.com

Nestle Nigeria Plc traded higher at the end of last week’s transactions on the floor of the Nigerian Stock Exchange (NSE). It led nine others with 16.96 per cent to close at N734.99 per share.

Following Nestle last week was Unilever, adding 11.46 per cent to close at N32.30 per share. NEM added 9.64 per cent to close at N0.91 per share, Honey well gained 5.00 per cent to close at N1.05 per share, while Continental Reinsurance appreciated by 4.95 per cent to close at N1.06 per share. Paints and Coating Manufacturing also gained 4.84 per cent to close at N0.65 per share.

Consequently, a total turnover of 1.024 billion shares worth N12.464 billion was recorded in 16,400 deals by investors, in contrast to a total of 1.387 billion shares valued at N13.726 billion that changed hands last week in 15,422 deals.

The financial services industry (measured by volume) led the activity chart with 850.758 million shares valued at N7.083 billion traded in 10,358 deals; thus contributing 83.12per cent and 56.83 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 78.421 million shares worth N3.900 billion in 2,545 deals. The conglomerates industry occupied the third place with a turnover of 46.196 million shares worth N70.668 million in 536 deals.

Trading in top three equities namely – Zenith International Bank Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 412.251 million shares worth N4.234 billion in 4,633 deals, contributing 40.27 and 33.97 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,020 units of Exchange Traded Products (ETPs) valued at N51,316 executed in four deals. However, there were no trades recorded in Exchange Traded Products last week

The NSE All-Share Index and Market Capitalisation appreciated by 0.90 per cent to close the week at 25,238.01 and N8.734 trillion respectively. Similarly, all other indices finished higher during the week with the exception of the NSE Oil/Gas and NSE Industrial Goods indices that depreciated by 2.36 per cent and 2.94 per cent respectively while the ASEM Index closed flat

About 24 equities appreciated in price during the week, same as last week, 31 equities depreciated in price, higher than 24 equities of the previous week, while 122 equities remained unchanged lower than 129 equities recorded in the preceding week.


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Nestle Nigeria PlcNSE


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