NSE: Value of equities appreciates by N10bn

Investment in the nation’s capital market on Tiesday sustained growth profile, as value of equities appreciated by  N10 billion.

Specifically, market capitalisation of listed equities increased by 0.08 per cent to  N13.420 trillion from N13.410 trillion traded on Monday.

The Nigerian Stock Exchange (NSE) All Share Index went up by 21.70 basis points to 27586.79 points from 27565.09 points reported the previous day.

Investors traded 294.412 million shares worth N3.495 billion in 3337 deals against 111.515 million shares worth N1.560 billion in 3122 deals.

An analysis of the transactions durig the day showed that MTN Nigeria Communications Plc led gainers table growing by N1.50 kobo to close at N140.00, International Breweries followed with a gain of N1.00 to close at N11.00, Ecobank Transnational Incorporated increased by N0.40 kobo to close at N7.70 kobo, United Bank for Africa gained N0.20 kobo to close at N6.40 kobo while Access Bank appreciated by N0.20 kobo to close at N6.70 kobo.

Nestlé Nigeria Plc, on the contrary, recorded the highest loss during the day, dropping by N19.00 to close at N1300.00, Dangote Flour Nigeria Plc trailed with a loss of N0.95 kobo to close at N20.05 kobo, Union Bank of Nigeria Plc fell by N0.40 kobo to close at N6.60 kobo, Sterling Bank Plc down by N0.20 kobo to close at N2.30 kobo while flour Mills Nigeria sheds N0.20 kobo to close at N13.50 kobo

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