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Nigeria : LAST WEEK at NSE.

Information received on the 1st of September says that equity trading activities on the Nigerian Stock Exchange (NSE) ended on a positive note last week as major indicators registered significant growth.

The NSE bourse gained 1.5 per cent or 351.23 basis points to reach 23,750.81 points up from 23,399.58 points at which it opened.

Likewise, the market capitalisation of the listed equities, which stared at N7.448tn gained N111.81bn or1.5 per cent to end at N7.561tn.

The price of a total of 42 stocks rose during the last week, higher than 30 equities gained a week ago.

Nestle Nigeria Plc led on the winners, adding N24.94 and amounting to N550.00 a share up from N525.06 per share at which it opened.

Guinness Nigeria Plc followed that with a gain of N3.50 to reach N252 per share while Nigeria Breweries Plc rose N3.30 to end at N123.00 per share.

Among the other price gainers were : Chemical and Allied Products Plc which gained N2.42, UAC Nigeria Plc with a N1.65 gain, Seven-Up Bottling Company - N1.50, Flour Mills Nigeria Plc - N1.50, Okomu Oil Palm Plc - N1.50, Glaxo Smithkline Consumer Plc - N1.28 and Cadbury Nigeria Plc N1.20 and others.

However, 26 stocks lost in prices, lower than thirty-four during the preceding week.

The losers were led by PZ Cussons Nigeria Plc which fell N1.12 and settled for N22.86 per share.

Conoil Plc followed the loss by N1.03 to end at N19.73 per share, while Morison Industries Plc lost N0.71 and hit N12.73 a share.

The amount of equities traded during the last week gained 66.3 per cent, as investors exchanged 1.461 billion shares worth N10.14bn in 20,322 deals, against a turnover of 878.53 million shares worth N9.907bn exchanged during the preceding week in 11,633 deals.

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Title Annotation:Nigerian Stock Exchange
Publication:Mena Report
Article Type:Brief article
Geographic Code:6NIGR
Date:Sep 3, 2012
Words:339
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