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Blue chips record price rally on NSE, indices up by 1.03%

Some blue chips maintained upward movement on the Nigerian Stock Exchange (NSE) on Thursday with Nigerian Breweries leading the gainers’ chart.

Newsmen report that Nigerian Breweries led gainers’ table with a gain of N2.40 to close at N131.40 per share.

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

Dangote Cement followed with a gain of N1.50 to close at N259.90, while Lafarge Africa gained N1 to close at N52 per share.

Stanbic IBTC also grew by N1 to close at N46, while Dangote Sugar Refinery added N1 to close at N22 per share.

Consequently, the All-Share Index appreciated further by N156 billion or 1.03 per cent to close at 42,604.40 against 42,171.80 achieved on Wednesday.

In the same vein, the market capitalization, which opened at N15.133 trillion rose by N156 billion or 1.03 per cent to close at N15.289 trillion.

On the other hand, CAP posted the highest price loss to lead the laggards’ table, shedding N1.90 to close at N36.95 per share.

NASCON trailed with a loss of 75k to close at N20, while Union Bank of Nigeria was down by 30k to close at N7.55 per share.

Etranzact depreciated by 25k to close at N4.75, while Caverton also declined by 25k to close at N2.60 per share.

Also, the volume of shares traded closed higher by 18.14 per cent as investors bought and sold 615.18 million shares worth N6.28 billion in 5,904 deals.

This was lower than 520.74 million shares valued at N4.72 billion exchanged in 5,694 deals on Wednesday.

Multiverse was the most active with a turnover of 87.10 million shares worth N31.36 million.

Skye Bank followed with an account of 65.57 million shares valued at N73.79 million, while Access Bank traded 59.03 million shares worth N766.38 million.

FCMB Group sold 56.14 million shares valued at N158.29 million, while FBN Holdings traded 39.41 million shares worth N499.04 million.



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