NSE appreciates marginally by 2.57%

Forte Oil on Wednesday topped the gainers’ chart on the Nigerian Stock Exchange (NSE), gaining N8.12 to close at N87.42 per share.

Nestle followed with a growth of N5 to close at N810 and Guinness garnered N2.42 to close at N78.74 per share.

FBN Holdings increased by 10k to close at N3.42, while Port Land Paint also gained 10k to close at N2.18 per share.

Consequently, the All-Share Index appreciated marginally by 2.57 points or 0.01 per cent to close at 25,673.80 against 25,671.23 achieved on Tuesday.

Also, the capitalisation increased by two billion naira to close at N8.833 trillion compared with N8.831 trillion recorded on Tuesday.


Conversely, Nigeria Breweries recorded the highest price loss to lead the losers’ table, dropping N1.49 to close at N142.51 per share.

Total trailed with a loss of 83k to close at N303.61 and Flour Mills dropped 69k to close at N18.30 per share.

Oando lost 43k to close at N4.13, while Transccorp Hotel shed 26k to close at N4.90 per share.

However, the volume of shares traded rose by 35.04 per cent with an exchange of 255.77 million shares valued at N2.08 billion transacted in 2,480 deals.

This was against a total of 189.41 million shares worth N2.49 billion traded in 2,894 deals on Tuesday.

Wema Bank emerged investors delight, accounting for 100.23 million shares valued at N52.12 million.

It was trailed by Diamond Bank, having sold 35 million shares valued at N29.99 million, while Access Bank traded 22.38 million shares worth N123 .13 million.

Transcorp transacted 16.29 million shares valued at N14.56 million and FCMB Group traded 13.53 million shares worth N14.14 million.