NSE: Nestle Leads 49 Other Stocks to N273.3b Gain

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) on Wednesday recorded a significant improvement after advancing by 2.95 percent at the close of trading activities, Business Post reports.

The market capitalisation experienced a growth of N273.3 billion to close at N9.522 trillion, while the All-Share Index (ASI) progressed by 790.47 points to end at 27,546.68 points.

The market breadth finished positive with 50 advancers and 8 decliners, while the year-to-date return closed at 2.50 percent, leaving the negative zone for the first time in a while.

The volume of shares transacted on the floor of the NSE today ended higher with a total of 584.1 million shares traded at N5.7 billion in 5,121 deals in contrast to 539.2 million shares valued at N2.8 billion executed at 4,519 deals the previous day.

Today’s gainers was topped by Nestle after improving by N38 to close at N798 per share, followed by Total, which advanced by N6 to end at N255 per share.

Dangote Cement grew by N4.1k to finish at N166.1k per share, Nigerian Breweries advanced by N4.1k to end at N136.1k per share and 7up improved by N3 to close at N105 per share.

On the flipside, Lafarge declined by N2.42k to end at N46.8k per share, Air Service depreciated by 24k to finish at N4.73k per share and CCNN lost 7k to close at N4.66k per share.

In the same vein, Jaiz Bank depreciated by 5k to finish at N1 per share, while NPF Microfinance Bank slumped by 5k to end at N1.33k per share.