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BUSINESS AND ECONOMY

Saturday, 27 September 2014 23:34

Market Watch: indices record marginal growth

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Weekly transactions on the Nigerian Stock Exchange (NSE) closed upward on Friday as the market indicators appreciated marginally by 0.10 per cent.

The All-Share Index rose by 39.72 points or 0.10 per cent to close at 40,819.72 against 40,780.00 achieved on Thursday.

The market capitalisation, which opened at N13.465 trillion, gained N13 billion or 0.10 per cent to close at N13.478 trillion due to price gain by some blue chip equities.

An analysis of the price movement chart indicated that Seplat topped the gainers’ chart, gaining N27 to close at N667 per share.

7UP garnered N13.73 to close at N147.73, while Guinness rose by N7 to close at N190 per share.

Mobil Oil increased by N2 to close at N176, while Lafarge WAPCO improved by N1.69 to close at N128.68 per share.

Conversely, Dangote Cement led the losers’ chart with a loss of N3.98 to close at N220 per share.

The organisation was followed by CAP with a loss of N1.94 to close at N39, while Glaxosmith depreciated 31k to close at N64.59 per share.

Ikeja Hotels lost 16k to close at N1.52, while NASCON depreciated by 9k to close at N8.91 per share.

Access Bank emerged the most traded stock, accounting for 63.57 million shares worth N562.13 million in 156 deals.

Mansard Insurance recorded a turnover of 21.06 million shares valued at N63.15 million in 24 deals, while FBN Holdings sold 17.02 million shares valued at N236.23 million which were exchanged by investors in 448 deals.

In all, a total of 245.926 million shares worth N2.77 billion were traded by investors in 3,806 deals against the 273.113 million shares valued at N4.62 billion traded in 4,330 deals on Thursday.

NAN

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