Lagos – The Nigerian bourse yesterday halted a three-day losing streak, recording its first bullish performance of the week.
The main performance measures-All Share Index and market capitalisation rose by 0.19 per cent each.
On the sectoral front, the NSE Banking index, NSE Insurance Index, NSE Consumer Goods Index closed positive, recording gains of 0.22 per cent, 0.46 per cent and 1.14 per cent respectively.
Further analysis of the day’s trading showed that Nestle Nigeria which led the losers’ table on Tuesday recovered on Wednesday by N39.80 to close at N1,190.00 per share, while Unilever Nigeria followed with an appreciation of 200 kobo to close at N44.00 kobo per share.
GlaxoSmithKline Consumer added 40 kobo to close at N21.40 per share, Guaranty Trust Bank grabbed 36 kobo to close at N37.88 per share while Dangote Sugar Refinery increased by 17 kobo to close at N13.75 per share, among others.
On the flip side, Presco led the decliners’ table with a drop of N319 kobo to close at N60.80 per share while Stanbic IBTC Bank shed 119 kobo to close at N40.01 per share.
Flour Mills of Nigeria plunged by 105 kobo to close at N26.50 per share, Forte Oil went down by 81 kobo to close at N48.80 per share, while Lafarge Cement WAPCO slipped by 47 kobo to close at N50.52 per share, among others.
Access Bank emerged the most traded equity on Wednesday with an exchange of 13.884 million shares worth N134.697 million, followed by Zenith Bank having accounted for 12.221 million shares valued at N281.199 million, Fidelity Bank exchanged 11.403 million shares valued at N14.777 million; FBN Holdings recorded 10.261 million shares valued at N59.130 million while Oando traded 5.878 million shares worth N37.980 million.