NAN-HE-14
Shares
By Chinyere Joel-Nwokeoma
Lagos, Oct. 19, 2017 (NAN) Transactions on Nigerian Stock Exchange (NSE) on Thursday ended on
a cautious note with market indices recording growth after dropping for two consecutive days.
The News Agency of Nigeria (NAN) reports that market capitalisation rose by N2 billion or 0.02 per cent to close at N12.614 trillion compared with N12.612 trillion on Wednesday.
The All-Share Index grew by 4.13 points or 0.01 per cent to close at 36,645.65 in contrast with 36,641.52 achieved on Wednesday.
Market analysts attributed the market trend to unimpressive third quarter earnings declared by quoted companies.
They said investors were investing with caution because some of the results released in the market were below expectations.
An analysis of the price movement table showed that International Breweries led the gainers’ table, gaining N2.21 to close at N46.52 per share.
Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close at N24 per share.
Cadbury grew by 30k to close at N10.50, while Nestle appreciated by 27k to close at N1,200.27 per share.
Conversely, Forte Oil topped the losers’ chart declining by N2 to close at N46 per share.
Nigerian Breweries trailed with a loss of 51 to close at N161.99 and Total shed 41k to close at N245 per share.
United Bank for Africa lost down by 21k to close at N8.85 and Mansard Insurance company declined by 12k to close at N 2.36 per share.
However, the volume of shares traded closed lower as investors bought and sold a total of 140.88 million shares worth N1.72 billion transacted in 4,159 deals.
The volume was against the 198.63 million shares valued at N2.94 billion exchanged in 3,542 deals on Wednesday.
The banking equities remained the most active with United Bank for Africa emerging the toast of investors, trading 30.65 million shares valued at N275.04 million.
Sterling Bank followed with an account of 15.72 million shares worth N15.67 million, while GT Bank traded 15.27 million shares valued at N636.89 million.
Zenith International Bank sold 14.04 million shares worth N368.50 million and Skye Bank exchanged 9.10 million shares valued at N4.68 million. (NAN)
JNC/HA
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Edited by Hadiza Mohammed-Aliyu