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Wednesday, April 17, 2013

NSE Index rises by 0.1%

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NSE Index rises by 0.1%
Apr 17th 2013, 23:00

Activities on the Nigerian Stock Exchange gained marginally on Wednesday to close on a positive note.

At the close of trading activities, the NSE's All-Share Index rose by 0.1 per cent or 18.30 basis points from 33,334.67 points on Tuesday, to 33,352.97 points.

Similarly, the market capitalisation of the listed equities increased marginally by 0.1 per cent or N6bn to N10.662tn up from N10.656tn recorded the preceding day.

However, other indices recorded significant slide with the NSE-30 Index shedding 0.47 basis points to close at 1,588.59 points, while the consumer goods index lost 0.2 per cent or 2.19 basis points from 967.74 points on Tuesday, to 965.55 basis points.

The NSE Banking Index lost the highest, shedding 1.5 per cent or 5.87 basis points to close at 382.08 points, down from 387.95 points on Tuesday, while the NSE Insurance Index lost 0.7 per cent or 1.08 basis points to close at 149.42 points.

AG Leventis Plc led 16 other stocks on the gainers' chart, rising by 9.4 per cent or 11 kobo to close at N1.28 per share.

PZ Cussons Plc followed, rising by 9.3 per cent or N3.33 to close at N39 per share.

BOC Gases Plc gained 6.25 per cent or 50 kobo to close at N8.50 per share, while UTC Plc and Neimeth International Pharmaceutical Company Plc rose by 5.6 per cent and 3.7 per cent to close at 75 kobo and 85 kobo per share in that order.

Capital Hotel Plc, on the other hand, led 37 other stocks on the price losers' chart. Its shares lost 9.9 per cent or 56 kobo to close at N5.09 per share.

Deap Capital Management and Trust Plc lost 9.9 per cent or 20 kobo to close at N1.82 per share, while Wapic Insurance Plc and Transnational Incorporated Plc lost 9.4 per cent each to close at N1.06 and N1.26 per share, respectively.

The banking sub-sector maintained its lead on the activity chart, accounting for 81 per cent of total volume traded.

In the sub-sector, 671.69 million shares, worth N4.08bn were exchanged by investors in 2,840 deals.

Turnover in the sub-sector was largely driven by trading in the shares of Wema Bank Plc and Ecobank Transnational Incorporated Plc.

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