Nestle, Dangote, Seplat ignite revival at Lagos bourse

Nestle, Dangote, Seplat ignite revival at Lagos bourse

Tuesday, December 23, 2014 7:29 pm


Equity transactions on the Nigerian Stock Exchange (NSE) ended on positive note on Tuesday with the All-Share Index appreciating by 1414.07 points or 4.51 per cent.

The index closed at 32,786.00 from the 31,371.93 achieved on Monday.

Similarly, the market capitalisation rose by N467 billion or 4.51 per cent to close higher at N10.824 trillion compared with the N10.357 trillion recorded on Monday.

Nestle maintained its price leadership to lead the gainers’ table, appreciating by N41.80 to close at N877.80 per share.

Seplat followed with a gain of N13.91 to close at N292.18, while Dangote Cement improved by N13.46 to close at N178.46 per share.

7UP gained N7.70 to close at N161.70, while Guinness chalked up N6.56 to close N137.76 per share.

Forte Oil topped the losers’ chart, shedding N10.90 to close at N209 per share.

Glaxosmith trailed with a loss of N2 to close at N50, while Ngerian Breweries lost N1.24 to close at N151.75 per share.

International Breweries shed 47k to close at N24.23, while PZ Cussons lost 36k to close at N24.70 per share.

NAN reports that the volume of shares traded dropped by 37.83 per cent with 440.812 million shares worth N4.11 billion traded in 4,964 deals.

This was against the 837.127 million shares valued at N5.45 billion exchanged in 5,057 deals on Monday.

The Financial Service Sector sustained its leading position as the toast of investors with 317.15 million shares worth N2.4 billion exchanged in 2,679 deals.

The Banking sub-sector drove activities in the sector accounting for 169.33 million shares valued at N1.87 billion achieved in 1,425 deals

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