News Column

Trading Rebounds, As NSE Index Rises 1.16 Percent

August 5, 2014

Bamidele Ogunwusi

After several days of closing bearish, major indicators of The Nigerian Stock Exchange (NSE) rebounded on Tuesday when equities capitalisation closed higher at N13.965 trillion after it appreciated by N162.265 billion as against N13.802 trillion recorded at the close of trading on Monday, while the All-Share Index gained 488.42 basis points or 1.16 per cent to close at 42,292.93 points as against 41,801.51 points it recorded the previous trading day.

However, at the close of trading on Tuesday, stockbrokers crossed a total of 257.005 million shares valued at N3.635 billion in 5,788 transactions as against 287.650 million shares valued at N4.936 million in 5,480 transactions recorded on Monday, just as investors bought and sold a total of 173.489 million shares valued at N1.681 billion in 2,792 deals belonging to the financial service sector as against 205.872 million shares valued at N2.117 billion in 2,676 deals recorded on Monday.

However, 35 companies made it to the gainers' table at the close of trading on Tuesday as against 29 on Monday; while 13 were on the laggards' table compared to 26 on Monday.

Seplat petroleum Development Company led the advancers' table when it appreciated by N33.75 to close at N708.75 per share, followed by breweries' major, Guinness Nigeria, which gained 956 kobo to close at N200.86 per share, Mobil Nigeria added 807 kobo to close at N169.62 per share, while Nigerian Breweries and Nestle Nigeria collected 500 kobo each to close at N186.00 and N1,110.00 per share; respectively.

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Source: AllAfrica

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