Nestle, Dangote Cement, others lift NSE index by 0.4%

Transactions on the trading floor of the Nigerian Stock Exchange (NSE), closed in upbeat yesterday, following price gains recorded by major highly capitalised stocks, especially Nestle and Dangote Cement, as the All-share index appreciated 0.4 per cent.

However, yesterday’s price losses outweighed the gains, as 37 stocks constituted the losers’ chart, while 18 stocks appreciated in price. Total emerged the day’s highest price loser with 11.40 kobo to close at N217.60 per share. Conoil followed with 3.80 kobo to close at N35.50 per share.

International Breweries lost 2.95 kobo to close at N56.05 per share. Glaxosmithkline depreciated by 1.05 kobo to close at N20.15 per share. National Salt Company of Nigeria lost 1.00 kobo to close at N20.00 per share.

Nigerian Breweries shed 0.90 kobo to close at N128.00 per share. FBN Holdings depreciated by 0.85 kobo to close at N10.85 per share. Flour Mills shed 0.50 kobo to close at N32.00 per share.

Union Bank dropped 0.35 kobo to close at N7.15 per share. Unilever dropped 0.30 kobo to close at N48.70 per share.
Guaranty Trust Bank dipped by 0.25 kobo to close at N47.25 per share. Diamond Bank also lost 0.23 kobo to close at N2.47 per share.

On the other hand, Nestle led the gainers’ chart with 38.20 kobo to close at N1380 per share, while Dangote Cement followed with 8.70 kobo to close at N260.00 per share.

PZ Cussons gained 1.15 kobo to close at N24.15 per share. Cadbury garnered 0.75 kobo to close at N15.85 per share. RedStar Express gained 0.25 kobo to close at N6.00 per share.

United Bank for Africa gained 0.20 kobo to close at N12.20 per share. African Prudential and Dangote Flour also added 0.10 kobo each to close at N5.05, and N16.00 per share respectively.

Consequently, market capitalisation of listed equities rose by N58billion or 0.4 per cent from N15.067trillion to N15.125trillion. Also, the All-share index increased by 160.66 points from 41,987.74 to 42,148.40.

FBN Holdings was the investors’ delight with 115 million shares worth N1.2billion, while Japaul Oil followed with 97 million units valued at N33million. Diamond Bank exchanged 41 million shares worth N103million.

Transnational Corporation accounted for 30 million shares valued at N61million. First City Monument Bank traded 28 million shares worth N68million. In all, investors exchanged 510 million shares worth N4.6billion in 5,757 deals.