Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, December 20, retracted from southward movement pushing up value of the bourse.
Consequently, the All-Share Index appreciated by 150.10 points or 0.40 per cent to close at 37,933.86 compared with 37,783.76 achieved on Tuesday.
Similarly, the market capitalisation which opened at N13.445 trillion rose by N54 billion or 0.40 per cent to close at N13.499 trillion.
Nestle Nigeria boosted activities on the bourse and topped the gainers’ chart with a gain of N30.95 to close at N1, 495 per share.
Seplat trailed with N27 to close at N567.05, while Unilever inched N1.90 to close at N43.89 per share. Guaranty Trust Bank increased by 60k to close at N40.50, while Stanbic IBTC garnered 58k to close at N41.50 per share.
Conversely, Flour Mills led the laggards’ chart, shedding N1.49 to close at N28.36 per share. GlaxosmithKline followed with a loss of N1.13 to close at N21.61, while PZ Industries shed N1.12 to close at N21.38 per share. Cadbury lost 40k to close at N13, while Access Bank dipped 38k to close at N10.02 per share.
The banking stocks remained the most active with Sterling Bank emerging toast of investors, trading 34.26 million shares worth N34.27 million.
Guaranty Trust Bank came second with 24.92 million shares valued at N995.81 million, while Diamond Bank accounted for 15.83 million shares worth N22.99 million.
United Bank for Africa traded 12.91 million shares valued at N132.28 million and Fidelity Bank sold 12.19 million shares worth N27.64 million.
At the end of trading, investors exchanged 207.89 million shares valued at N3.29 billion transacted in 4,873 deals against 649.63 million shares worth N5.43 billion traded in 3,888 deals on Tuesday.
