TheNigerianVoice Online Radio Center

NSE All-Share Index grows by 0.05%

By The Citizen

The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday appreciated marginally by 0.05 per cent.

The News Agency of Nigeria (NAN) reports that the All-Share Index increased by 18.29  points to close at 33,352.96 against the 33,334.67 achieved on Tuesday.

Also, the market capitalisation grew by N6 billion to close at N10.661 trillion from the N10.655 trillion recorded on Tuesday.

Analysts attributed the development to investors' preference for capital appreciation due to disappointing 2012 result announced by some quoted companies.

Dangote Cement led the price gainers, appreciating by N4.10 to close at N161.10 per share.

PZ Cussons came second with a gain of N3.33 to close at N39, while BOC Gases garnered 50k to close at N8.50 per share.

Unilever gained 41k to close at N52.41, while Zenith Bank appreciated by 36k to close at N19.40 per share.

On the other hand, Nestle topped the losers' chart with a loss of N14.01 to close at N922 per share.

Julius Berger lost N2.01 to close at N51.90, while Presco dipped by N1.57 to close at N24 per share.

Flour Mills lost N1.29 to close at N76.11, while Ashaka Cement shed 97k to close at N25 per share.

Wema Bank drove the day's activities with 302.03 million shares worth N422.75 million.

It was trailed by ETI with a total of 113.14 million shares valued at N1.81 billion.

NAN reports that the volume of shares traded increased by 116.55 per cent as investors staked N9.35 billion on 766.57 million shares in 6,183 deals.

This was against the 352.15 million shares worth N3.59 billion traded in 6,705 deals on Tuesday