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Consumer goods lift trading by 0.33 per cent at NSE

Gains posted by some consumer goods equities on Tuesday lifted trading on the nation’s bourse with the market capitalisation improving by N38 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation closed higher at N11.738 trillion compared with N11.700 trillion achieved on Monday.

The All-Share Index also inched 105.85 points or 0.33 per cent to close at N11.738 trillion against N11.700 trillion posted on Monday.

Nestle recorded the highest price gain to lead the gainers’ table, gaining N50 to close at N1, 430 per share.

CCNN followed with N1.89 to close at N20.15, while Nigerian Breweries garnered N1 to close at N81 per share.

Guinness appreciated by N1 to close at N74 and Dangote Sugar Refinery added 55k to close at N13.45 per share.

On the other hand, Flour Mills topped the losers’ chart, dropping by N1.50 to close at N17 per share.

Guaranty Trust Bank trailed with a loss of 70k to close at N37.30, while
Fidson Healthcare was down by 50k to close at N4.50 per share.

UAC Property dropped by 17k to close at N1.60, while Union Bank of Nigeria shed 15k to close at N4.90 per share.

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In spite of the growth posted by the market indices, the volume of shares traded closed lower with an exchange of 149.65 million shares worth N2.79 billion in 3,063 deals.

This was in contrast with a turnover of 157.83 million shares valued at N1.75 billion transacted in 3,134 deals on Monday.

Fidelity Bank Plc was investors’ delight, accounting for 22.03 million shares worth N42.22 million.

Regal Insurance followed with 19.40 million shares valued at N3.97 million, while Guaranty Trust Bank sold 11.78 million shares worth N447.07 million.

(NAN)

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