ALL-SHARE INDEX HITS 37,000 MARK IN THE NIGERIA STOCK EXCHANGE

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The index hit the 36,000 mark on May 10. The All-Share Index of the Nigerian Stock Exchange, NSE, on Tuesday crossed the 37,000 mark as a result of improvement in the price of some blue chips. The index, which opened at 36,817.75, grew by 228.88 points or 0.62 per cent to close at 37,046.63. The index hit the 36,000 mark on May 10. Similarly, the market capitalisation of listed equities rose by N73 billion or 0.62 per cent to close at N11.84 trillion against the N11.77 trillion achieved on Monday.

Nestle topped the gainers’ chart, appreciating by N18 to close at N963 per share. Unilever trailed with N5.21 to close at N76, while Cadbury chalked up N4 to close at N48.50 per share. PZ Cussons gained N3.20 to close at N52.65, while Northern Nigeria Flour Mills rose by N2.35 to close at N25.91 per share. On the contrary, Total recorded the highest price loss of N6.10 to close at N158.90 per share. Julius Berger came second with a loss of N2.69 to close at N56, while Nigerian Breweries lost N1.17 to close at N175 per share. UACN dropped 37k to close at N70.62, while UBA depreciated by 31k to close at N8.28 per share. The value of shares traded improved by 94.07 per cent as investors staked N7.89 billion on 466.67 million shares in 6,727 deals. This was in contrast to the 309.92 million shares worth N4.05 billion traded in 6,426 deals on Monday. Skye Bank, for the second consecutive day, emerged the most traded stock as investors exchanged 52.88 million shares worth N268.24 million. Costain trailed with a total of 49.85 million shares valued at N53.56 million, while Access Bank accounted for 37.97 million shares worth N420.37 million.

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