Nigerian Stock Exchange reverses loss by 1.38%

 

The Nigerian stock exchange has reversed its two day consecutive loss with a significant 1.38 per cent gain at the close of market trading activities for Wednesday.
The All Share Index closed today at 33,598.20 basis points, gaining 456.35 basis points when compared to Tuesday’s closing of 33,141.85 basis points.
Likewise, the market capitalisation for Wednesday closed at 11.618 trillion Naira, gaining 158 billion Naira when compared to Tuesday’s closing of 11.460 trillion Naira.
Investors traded 7.6 million shares worth 6.3 billion Naira in 7,357 deals.
In today’s equities market, 36 stocks gained, 22 fell while others closed flat.
GAINERS
MAY & BAKER NIGERIA PLC retained its top gainer position when it closed at N3.78 per share, a 35 kobo or 10.20 per cent gain on previous closing price of N3.43 per share.
ASHAKA CEM PLC came up to occupy the second top gainer position when it closed at N14.07 per share, gaining N1.30 or 10.18 per cent on the previous closing price of N12.77 per share.
UNILEVER NIGERIA PLC made the gainers’ list when it closed at N40.70 per share, gaining N3.70 or 10 per cent on the previous closing price of N37 per share.
 
LOSERS
INTERNATIONAL BREWERIES PLC topped the losers’ chart with N1.44 or 4.80 per cent loss when it closed at N28.56 per share as compared to previous closing price of N30 per share.
CUTIX PLC came second on the losers’ list with 9 kobo or 4.62 per cent loss when it closed at N1.86 per share as compared to previous closing price of N1.95 per share.
7-UP BOTTLING COMP. PLC followed with N4.20 or 4.44 per cent loss when it closed at N90.30 per share as compared to previous closing price of N94.50 per share.

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