NSE index appreciates further by 0.47%

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NSE index appreciates further by 0.47%

By Chinyere Joel-Nwokeoma

Transactions on the Nigerian Stock Exchange  (NSE) on Wednesday remained upbeat with the All-Share Index growing by 153.65 points or 0.47 per cent.

The News Agency of Nigeria (NAN) reports that the index closed higher at 32,981.63 compared with 32,827.98 recorded on Tuesday.

Also, the market capitalisation grew by N55 billion to close at N11.369 trillion against N11.314 trillion posted on Tuesday.

NAN reports that the market had maintained an upward movement for the third consecutive day.

Neimeith pharmaceuticals led the gainers’ table with a gain of 3k to close at 73k per share.

On the other hand, United Capital topped the losers’ table with a loss of 29k to close at N3 per share.

United Capital drove the activity chart with an exchange of 1.09 million shares worth N3.34 billion.

Neimeith came second with a total of 146.49 million shares valued at N106.93 million and FCMB Group traded 25.10 million shares worth N31.13 million.

AIICO Insurance traded 23.38 million shares valued at N14.49 million and Honey Well sold 20.07 million shares valued at N39.14 million.

In all, the volume of shares traded closed higher with a total of 1.41 billion shares worth N5.12 billion exchanged in 69 deals.

This was against a turnover of 218.76 million shares valued at N2.11 billion transacted in 4,991 deals on Tuesday.


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