Investors Stake N4.71bn On Shares At NSE

The volume of shares traded on the Nigerian Stock Exchange (NSE) last Thursday increased by 30.51 per cent as investors staked N4.71 billion on 409.81 million shares in 5,311 deals.

The Tide reports that this was in contrast to the 314.01 billion shares worth N3.30 billion traded in 4,986 deals on Wednesday.

The increase in the volume of shares traded was influenced by Access Bank which emerged the most traded equity with 141.98 million shares worth N1.46 billion exchanged in 334 deals.

ETI came second with 31.69 million shares valued at N443.68 million traded in 71 deals, while Zenith Bank accounted for 29.57 million shares worth N631.22 million exchanged in 332 deals.

Consequently, the financial services sector remained the most active with 342.78 million shares valued at N3.51 billion traded in 3,125 deals.

The NSE All-Share Index grew by 154.75 points or 0.47 per cent to close at 33,361.96 as a result of gains posted by some highly capitalised stocks.

The market capitalisation increased by N49 billion to close at N10.68 trillion against N10.63 trillion posted last Wednesday.

Nestle recorded the highest price gain, appreciating by N36 to close at N870 per share.

It was followed by Dangote Cement, the most highly capitalised stock on NSE, with N2.89 to close at N150 per share.

Guinness chalked up N2 to close at N267 per share, Presco gained N1.20 to close at N25 while PZ appreciated by 60k to close at N40.50 per share.

Conversely, Nigerian Breweries led the losers’ table, dropping N3.46 to close at N163.04 per share.

UAC Property lost 66k to close at N14.24 per share, while International Breweries lost 55k to close at N21.30 per share.