NSE: NB leads gainers’ table in a cautious trading as index appreciates by 0.26 percent

Nigerian Breweries (NB) Plc on Wednesday led the gainers’ table on the Nigerian Stock Exchange (NSE) in a cautious trading.

The News Agency of Nigeria (NAN) reports that the company rose by N2.01 to close at N185.02 per share.

It was followed by Stanbic IBTC with a gain of 85k to close at N38.85 and Zenith International Bank gained 45k to close at N23.50 per share.

Access Bank which declared an interim dividend of 25k increased by 39k to close at N10.24, while Dangote Sugar grew by 36k to close at N13 per share.

Consequently, the All-Share Index grew by 96.73 points or 0.26 per cent to close at 37,059.21 against 36,962.48 recorded on Tuesday.

In the same vein, the market capitalisation rose by N34 billion or 0.27 per cent to close at N12.773 trillion compared with N12.739 trillion.

Conversely, Total topped the losers’ chart for the day, shedding N11.51 to close at N228 per share.

7UP Bottling came second with a loss of N4.84 to close at N92.12 and Lafarge Africa declined by N1.49 to close at N57.01 per share.

Flour Mills depreciated by N1.33 to close at N28.52, while Unilever dipped
55k to close at N45 per share.

An analysis of the activity chart indicated that Zenith International Bank was the most active during the day, trading 57.24 million shares worth N1.32 billion.

United Bank for Africa followed with an exchange of 40.59 million shares valued at N378.67 million and Guaranty Trust Bank traded 28.49 million shares worth N1.16 billion.

Access Bank sold 24.55 million shares valued at N243.25 million, while FBN Holdings traded 12.09 million shares worth N72.52 million.

In all, investors staked N5.53 billion on 264.29 million shares exchanged in 3,849 deals against 244.32 million shares valued at N3.67 billion transacted in 3,829 deals.