Trading Week Starts Positive As Index Appreciates 0.70%

Trading activities on the Nigerian stock exchange increased by 11.42% today September 29, 2014, as investors bought 245.92 million shares worth N2.77 billion, in 4,567.00 deals, compared to 274.02 million shares worth N4.74 billion, in 3,806 deals exchanged on Friday. Ikeja Hotel Plc, FBNH Plc and Transcorp Plc were the most actively traded stocks on the exchange today in terms of volume, while Nigerian Breweries Plc and Guaranty Trust Bank Plc, topped in terms of value.

The Nigerian Stock Exchanges-All Share Index appreciated by 0.70% (+285.66) to close at 41,105.38 from 40,819.72 attained on Friday. Market capitalisation also increased to N13.57 trillion from N13.48 trillion the previous trading day. The BGL 50 Index also followed suit with a 0.38%gain to close at 176.84 from 176.17, while the market cap stood at N12.75 trillion from N12.71 trillion recorded on Friday.

A total number of 25 stocks gained on the bourse today while 27 stocks declined leaving 53 stocks unchanged. Guinness Nigeria Plc emerged the toast of investors as it appreciated by 5.00% to close at N199.50 kobo, followed by Nestle Nigeria Plc. with a 4.27% gain to close at N1100.00. Others on the gainers chart include CCNN Plc, Sterling Bank Plc and P Z Cussons Nigeria Plc.

On the flip side Unilever Nigeria Plc topped the losers chart with 4.67% decline to close at N46.90, followed by FCMB Group Plc. which declined by 3.37% to close at N4.30 kobo. Others on the losers table include; Livestock Feeds Plc, Ashaka Cement Plc and AIICO Insurance Plc.

Author: News Editor

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