News Column

NSE Index Up 0.13 Percent As Red Star Express Proposes N206 Million Dividend

July 16, 2014

Bamidele Ogunwusi

For the third consecutive trading days, major indicators of the Nigerian Stock Exchange (NSE) closed in the green on Wednesday when equities capitalisation closed higher at N14.208 trillion after it appreciated by N19.387 billion as against N14.189 trillion it recorded on Tuesday, while the All-Share Index gained 58.71 basis points or 0.13 percent to close at 43,030.27 points as against 42,971.56 points recorded on Tuesday.

However, investors traded in a total of 317.158 million shares which was valued at N3.060 billion in 5,098 transactions as against 251.758 million shares valued at N3.003 billion in 5,692 transactions recorded on Tuesday with the financial services sector accounting for a total of 235.048 million shares valued at N1.122 billion in 2,412 deals as against 165.691 million shares valued at N1.278 billion in 2,675 deals recorded on Tuesday.

Food products diversified major player, Nestle Nigeria, led the gainers table when it added N12.90, followed by petroleum marketer, Total Nigeria, which appreciated by 855 kobo. Its peer,Mobil Nigeria grabbed 700 kobo; Nigerian Breweries notched 458 kobo; while Lafarge Cement WAPCO nicked 225 kobo; amongst others.

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Source: AllAfrica

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