Nigerian Stock exchange picks up activities by 1.51%

Salamatu Ejembi, Lagos

The equities market of the Nigerian Stock Exchange has reversed its loss when it gained 1.51 per cent at the close of Wednesday’s activities.
The All Share Index of the NSE closed at 32,686.72 basis points as against previous closing of 32,200.38 basis points, gaining 486.34 basis points, while the market capitalisation closed at 11.300 trillion Naira as against previous closing of 11.132 trillion Naira, gaining 168 billion Naira.
Investors exchanged 4.99 million shares worth 4.074 billion Naira in 6,424 deals.
Although the market picked up in its activities today, the number of gainers today has dropped by 12 stocks to close at 26 gainers from 38 while the losers have increased by 5 stocks to close at 27 losers from 22.
INTERNATIONAL BREWERIES PLC topped the gainers’ chat by N2.46 or 10.22 per cent when it closed at N26.53 per share as against previous closing of N24.07 per share.
FORTE OIL PLC became the second gainer when it closed at N52.92 per share compared to Tuesday’s closing price of N48.02 per share, thereby gaining N4.90 or 10.20 per cent.
DANGOTE SUGAR REFINERY PLC made the gainers’ list when it closed at N9.03 per share compared to previous closing price of N8.21 per share, gaining 82 kobo or 9.99 per cent.
FBN HOLDINGS PLC led the losers’ with a closing price of N6.40 per share as against Tuesday’s closing price of N7.05 per share, losing 65 kobo or 9.22 per cent.
FCMB GROUP PLC followed with a closing price of N1.26 per share compared to yesterday’s closing price of N1.35 per share, falling by 9 kobo or 6.67 per cent.
UNION BANK NIGERIA PLC earned the third top losers when it closed at N5.78 per share as against previous closing price of N6.08 per share, losing 30 kobo or 4.93 per cent.
Ime N