Equities Trading Reverses Bearish Trend as Index Scoops 0.42%

Transactions on the floor of the Nigerian Stock Exchange, NSE, overturned the downward Trajectory of Monday, April 4, as the All-Share Index closed Tuesday, April 5 with 0.42% gain.

Trading in the Top Three Equities were Sterling Bank Plc, which sold 38.82 million shares worth N62.1 million, FCMB Plc accounted for 20.2 million shares worth N19.31 million, while Wema Bank Plc exchanged 13.3 million shares amounting to N9.85 million.

Nigerian Breweries Plc led the day’s price gainers as it added N3.98 to close at N106.59 per share, while SEPLAT Petroleum Plc gained 45 kobo to close at N306.5 per share. NASCON Plc also advanced by 34 kobo to close at N7.25 per share while Custodian and Allied Plc.

(CUSTODYINS) and Etranzact Plc increased by 19 kobo and 14 kobo each to close at N4.09 and N2.94 per share, respectively.

Conversely, International Breweries Plc topped the day’s price losers, declining by 49 kobo to close at N20 per share, while Cement Company of Nigeria Plc followed, dropping 36 kobo to close at N7.03 per share as Oando Plc lost 2 kobo to close at N4.3 per share.

Portland Paints Plc and Africa Prudential Registrars Plc also fell by 16 kobo and 9 kobo respectively to close at N3.04 and N2.48 per share respectively.