Nigeria Stock Exchange closes for November with marginal growth of 0.03 per cent

The market indices at the Nigerian Stock Exchange, NSE, on Wednesday closed higher for November with a marginal growth of 0.03 per cent.


Specifically, the All-Share Index appreciated by 8.21 points or 0.03 per cent to close at 25,241.63 against 25,233.42 achieved on Tuesday.

Also, investors staked N3.42 billion on 414.16 million shares transacted in 2,567 deals.

This represents a turnover of 511.58 million shares valued at N1.69 billion exchanged in 2,342 deals on Tuesday.

The News Agency of Nigeria reports that the market capitalisation rose by three billion naira or 0.03 per cent to close at N8.689 trillion compared with N8.686 trillion posted on Tuesday.

Mobil recorded the highest price growth to lead the gainers’ table, growing by N24.78 to close at N266.67 per share.

Total followed with a gain of N4.05 to close at N258.90 and Nigerian Breweries appreciated by N2 to close at N145 per share.

Beta Glass grew by N1.50 to close at N33.07, while Cadbury gained N1.02 to close at N11.07 per share.

Conversely, Dangote Cement topped the losers’ chart, dropping by N1.99 to close at N158 per share.

International Breweries followed with a loss of 57k to close at N18.42 and NASCON shed 34k to close at N6.66 per share.

Forte Oil dipped 14k to close at N53.85 and UAC Property was down by 12k to close at N2.34 per share.

NAN reports that an analysis of the activity chart indicated that Wema Bank drove the activity with 199.26 million shares worth N102.85 million.

It was trailed by Access Bank having accounted for 59.05 million shares valued at N324.72 million and Stanbic IBTC sold 25.86 million shares worth N387.94 million.

Guaranty Trust Bank traded 23.31 million shares valued at N526.76 million, while Zenith Bank transacted 18.59 million shares worth N254.43 million.



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