NSE market indices grow by 0.54%

Nigerian Stock Exchange 104 January 2014, Lagos – Trading on the Nigerian Stock Exchange, NSE, on Friday ended on a positive note as some blue chips recorded price gains.

The News Agency of Nigeria (NAN) reports that the All-share index appreciated by 221.99 points or 0.54 per cent to close at 41,450.48 from the 41,228.49 recorded on Thursday.

Also, the market capitalisation, which opened at N13.194 trillion, appreciated by N71 billion or 0.54 per cent to close at N13.265 trillion.

Total led the price gainers’ chart by N8.66 to close at N181.96 per share.

Guinness followed with N1.91 to close at N237, while GTB grew by N1.13 to close at N28.88 per share.

Union Dicon gained N1.11 to close at N12.08, while Nigerian Breweries rose by 99k to close at N166 per share.

On the other hand, Con Oil led the losers’ chart by N6.61 to close at N61.32 per share.

Mobil trailed with a loss of N2.90 to close at N115.70, while Cadbury lost N2 to close at N56.61 per share.

Nascon lost 73k to close at N14.12, while Ashaka Cement dropped 71k to close at N21.17 per share.

Sterling Bank remained the toast of investors, accounting for 99.91 million shares worth N252.74 million.

Unity Bank came second with 63.34 million shares valued at N31.67 million, while Oando sold 49.08 million shares worth N1.38 million.

UBCAP accounted for 40.45 million shares valued at N98.65 million, while UBA traded 36.54 million shares worth N341.03 million.

In all, the volume of shares traded rose by 7.16 per cent as investors exchanged 524.459 million shares worth N4.205 billion in 5,496 deals.

This was against the 489.410 million shares valued at N3.931 billion traded in 3,695 deals on Thursday.

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