NSE index crosses 27,000 mark

The All-Share Index of the Nigerian Stock Exchange (NSE) on Wednesday crossed 27,000 mark for the first time in the year.

The News Agency of Nigeria (NAN) reports that the index closed higher by 790.47 points or 2.95 per cent at 27,546.68 against 26,756.21 recorded on Tuesday.

Similarly,  the market capitalisation, which opened at N9.249 trillion, rose by N273 billion or 2.95 per cent to close at N9.522 trillion due to huge gains posted by some blue chips.

Nestle recorded the highest price gain with N38 to close at N798 per share.

Total followed with a gain of N6 to close at N255, while Dangote Cement appreciated by N4.01 to close at N166.01 per share.

Nigerian Breweries gained N4.01 to close at N136.01 kobo; 7UP added N3 to close at N105 per share.

On the other hand, Lafarge Africa recorded the highest price loss of N3.42 to close at N46.18 per share.

Air Service trailed with a loss of 24k to close at N4.73, while CCNN depreciated by 7k to close at N4.66 per share.

NPF Micro Finance Bank was down by 5k to close at N1.33, while Jaiz Bank also lost 5k to close at N1 per share.

UBA emerged investors’ delight with 104.12 million shares worth N669.85 million.

Diamond Bank followed with 53.93 million shares valued at N48.78 million, Zenith Bank traded 50.01 million shares worth N841.22 million.

Flour Mills sold 46.69 million shares worth N842.52 million, while Access Bank traded 45.81 million shares valued at N341.13 million.

In all, investors staked N5.65 billion on 584.12 million shares in 5,121 deals compared with 539.23 million shares worth N2.82 billion exchanged in 4,519 deals on Tuesday.