Cadbury, May and Barker, International Breweries shed weight, as NSE Index up 0.52%
May 4, 2012 21:01:40pm GMT
L-R: Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE) Mr. Adeolu Bajomo; Group Managing Director, First Bank of Nigeria Plc, Mr Bisi Onasanya and Chief of Staff/Head, Corporate Division, NSE, Mr. Bola Adeeko at the First Bank of Nigeria Facts Behind the Figures presentation on the floor of The NSE on Friday May 4, 2012.
Lagos (WorldStage Newsonline)-- Activities on the floor of the Nigerian Stock Exchange closed this week in an upward swing as 32 blue chip stock appreciated in price as against 24 stocks that depreciated on Friday.
With high number of stocks on the gainer's table, high volume of shares were also recorded as 706,868,794 shares worth N4.8 billion exchanged hands in 4,233deals.
Market capitalisation rose to N7.228 trillion as against N7.127 trillion on Thursday, this representing an increase of N101 billion, while the All-share index rose by 0.52 per cent to close at 22,655.99 as against 22,537.98 .
Nestle Plc led the gainer's table with a gain of N20.95 kobo to close at N439.95 kobo per share, followed by Custodian and Allied Insurance Plc which gained N0.08 kobo to close at N1.68 kobo per share and Mobil Nigeria that gained N5.85 kobo to close at N123.01 kobo per share.
Cadbury Plc led the losers' chart by shedding N0.80 kobo to close at N15.22 kobo per share, followed by May and Barker that shed N0.09 kobo per share to close at N1.72 kobo per share and International Breweries Plc that shed N0.28 kobo per share to close at N5.41 kobo per share.