NSE Equities maintains upward trend, increases by 0.99 percent

Stories by Afolabi Adesola

The Nigerian equities market closed on a positive note on Thursday, sustaining gains made in the previous trading session, as the NSE all-share index (ASI) appreciated by 0.99 percent to close at 27,028.24 points compared with the increase of 0.41 percent  recorded previously to close at 26,763.86 points.

Market capitalization likewise added N90.8 billion to close at N9.3 trillion compared to an addition of N19.7 billion recorded previously to close at N9.19 trillion.

Market Breadth closed positive as NESTLE led the day’s 33 gainers adding N7.5 to close at N732.5, SEPLAT followed with a gain of N5 to close at N355 per share, while WAPCO increased by N2.5 to N76 per share.

Guaranty Trust Bank grew by N1.43 to close at N20.97 per share, while Julius Berger improved by N1.29 to close at N45 per share.

The day’s 17 losers were topped by Guinness which lost N3.9 to close at N95.1 per share, it was followed by Nigerian Breweries which dropped N2 to close N125.5 per share, Unilever fell N1.6 to close at N30.41, NCR declined N1.01 to close at N9.46 per share and Union Homes depreciated by 33 kobo to close at N3.17 per share.

In all a total of498.8 million shares worth N2.7 billion were exchanged by investors in 4,765 deals compared to  670.8 million shares valued at N2.1 billion previously exchanged by investors in 3,976 deals.