Trading on the floor of the Nigerian Stock Exchange (NSE) yesterday opened in an upward trend following price appreciation recorded by some blue chip Companies. Specifically, Nestle Nigeria led 23 firms that appreciated in price during day, increasing by N51.10 kobo to close at N1150.00.
Seplat Petroleum Development followed with a gain of N24.90 kobo to close at N700.00 while Total Nigeria, Mobil Nigeria and Oando advanced by N8.55 kobo, N6.55 kobo and N1.89 kobo respectively to close at N179.60 kobo, N137.55 kobo and N29.25 kobo.
The result showed that 36 listed companies recorded price depreciation for the day as Cadbury Nigeria topped losers chart dropping by N1.89 kobo to close at N80.00. Glaxosmith trailed with a loss of N1.00 to close at N64.00 while Presco fell by N0.99 kobo to close at N35.01 kobo.
Other stocks that depreciated in price were Ashaka Cement and National Salt Company of Nigeria (NASCON) which declined by N.49 kobo and N0.40 kobo respectively to close at N28.51 kobo and N11.00.
The NSE trading results showed that market capitalisation of the listed equities appreciated by N97 billion or 0.69 per cent to N14.027 trillion from N13.930 trillion traded the previously. Also the All Share Index went up by 294.87 basis points from 42187.62 points traded last Friday to 42482.49 point.
Transcorp of the Conglomerates sector led activity in the sector, exchanging 65.566 million shares valued at N346.777 million. United Bank for Africa (UBA) followed with account of 46.704 million shares worth N365.918 million, while Oando traded 42.211 million shares worth N1.244 billion. Julius Berger sold 40.455 million shares cost N2.880 billion and Continental Insurance exchanged 29.329 million shares valued at N31.956 million.
In all investors bought 408.487 million shares worth N7.564 billion in 5878 deals against 361.229 million shares valued at N4.990 billion in 4789 deals.
