A Review of the Nigerian Energy Industry

Investors stake N3.37bn on 327.16 m shares on NSE

Nigerian Stock Exchange23 January 2014, Lagos – The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday rose by 18.35 per cent as investors staked N3.37 billion on 327.162 million shares in 5,904 deals.

The News Agency of Nigeria (NAN) reports that the transactions were in contrast to the 276.437 million shares worth N3.06 billion traded in 5,698 deals on Tuesday.

The All-Share Index, due to price losses, depreciated by 461.69 points or 1.10 per cent to close at 41,469.94 against 41,931.63 recorded on Tuesday.

The market capitalisation, which opened at N13.436 trillion, declined by N147 billion or 1.10 per cent to close at N13.288 trillion.

Nestle led the price losers’ chart by N14.99 to close at N1, 160 per share.

Nigerian Breweries dropped N1.58 to close at N164.32, while FBNH lost N1 to close at N15.10 per share.

Zenith Bank depreciated by 76k to close at N24.35, while Unilever dipped by 64k to close at N53.36 per share.

On the other hand, Forte Oil topped the gainers’ chart by N7.81 to close at N90.24 per share.

Julius Berger followed with a gain of N4.90 to close at N70, while Presco grew by N2.05 to close at N43.11 per share.

Betaglas appreciated by 84k to close at N17.67, while Berger share price rose by 43k to close at N9.08.

NAN reports that UBA emerged investors’ delight as it traded 23.49 million shares valued at N210.04 million.

Transcorp followed with 23.43 million shares worth N94.82 million, while FBN Holdings sold 22.67 million shares valued at N344.43 million. (NAN)

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