NSE market indices appreciate by 0.51%

PHOTO; businessnews.com.ng

PHOTO; businessnews.com.ng

The market indices of the Nigerian Stock Exchange (NSE) appreciated by 0.51 per cent on Wednesday due to gains posted by some blue chips.

The market capitalisation rose by N43 billion or 0.51 per cent to close at N8.525 trillion from the N8.482 trillion recorded on Tuesday.

The All-Share Index, which opened at 24,659.17, grew by 125.78 points or 0.51 per cent to close at 24,784.95.

Analysts attributed the growth to capital appreciation by Flour Mills, GTBank, Zenith Bank, Seplat and Nigerian Breweries.

Seplat led the price gainers’ table with N2.85 to close at N335 per share.

Nigerian Breweries followed with 64k to close at N103.14, while Flour Mill also appreciated by 64k to close at N20 per share.

GTBank gained 46k to close at N16.16, while National Salt increased by 34k to close at N7.74 per share.

On the other hand, Mobil Oil topped the price losers’ chart, shedding N2.25 to close at N149 per share.

Okomu Oil Palm trailed with a drop of 48k to close at N30, while Custodian and Allied Insurance lost 19k to close at N3.71 per share.

Portland Paint and Product depreciated by 13k to close at N2.75 and Air Service shed 10k to close at N1.90 per share.

The volume of shares traded closed lower with 159.26 million shares valued at N1.11 billion transacted in 2,698 deals.

This was against the 228.29 million shares worth N1.44 billion traded in 3,239 deals on Tuesday.

FBN Holdings was most active for the day, trading 19.18 million shares valued at N64.23 million.

GTBank followed with 19.13 million shares worth N305.39 million, while Zenith Bank traded 15.98 million shares valued at N187.24 million.

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