• Monday, March 04, 2024
businessday logo


NSE market indices record 0.41% growth


Equity transactions on the Nigerian Stock Exchange (NSE) opened after the holiday on Wednesday on an upbeat note with the market indices growing by 0.41 per cent.

The All-Shares Index rose by 169.96 basis points or 0.41 per cent to close higher at 41,611.15 from 41,441.19 achieved on Monday.

Similarly, the market capitalisation, which opened at N13.265 trillion, appreciated by N54 billion or 0.41 per cent to close at N13.319 trillion.

Nigerian Breweries recorded the highest gain to lead the gainers table by N1.79 to close at N164.80 per share.

It was followed by Guinness with a gain of N1 to close at N238 per share.

Presco appreciated by 99k to close at N41, while PZ Cusson gained 70k to close at N37 per share.

Conversely, Nestle topped the losers’ chart, losing N6.03 to close at N1,150 per share.

Julius Berger trailed with a loss of N3.61 to close at N68.68 per share, Forte Oil depreciated by N2.20 to close at N86.80, while Flour Mill lost 31k to close at N87.10 per share.

However, the volume of shares traded decreased by 15.38 per cent with an exchange of 322.103 million shares worth N5.58 billion traded in 6,507 deals.

This was in contrast to the 380.636 million shares valued at N4.47 billion traded in 6,222 deals on Monday.

A breakdown of the activity chart indicated that Transcorp emerged the most traded stock, accounting for 23.16 million shares worth N93.73 million.

It was followed by ETI as investors’ staked N391.83 million on 22.95 million shares, while African Prudential sold 22.45 million shares valued at N64.28 million.

FBNH accounted for 22.37 million shares worth N347.75 million, while Oando traded 17.69 million shares valued N469.08 million.