NESTLÉ NIGERIA DOWN N24.4, ALL SHARE FOLLOWS 0.84%

Highly priced blue chip and veteran foods company, #Nestle Nigeria PLC went down today February 14 at Nigerian stock market by 3.91% or N24.4 per share.

It went down on Valentine's day as 109 deals were struck for 675,287 units at N600 per share.

Partly as a result consumer goods index dropped by 3.29% and the #All shares index closed 0.84% especially as most of the day's 15 gainers were of lightweight and only #oil and gas index ended up st 288.32.

The nearest loser in terms of Naira was veteran brewer, #Nigerian Breweries which lost N5.93 or day high 4.99% as third placed 203 deals were sealed for 5,519,953 units.

Very lightweight #Eterna oil also lost 4.99% but this came to only N0.17 per share as 19 deals cleaned 414,843 units at N3.24 per share.

In all of the 14 losers five went down by above 4% while in the case of the 15 gainers only three grew by above 4%.

Top % gainer was #Forte Oil up 5% or day high N2.70 per share as 100 deals were sealed for 363,420 units. It was followed by #PZ Cussons up 4.92% and #UAC property 4.55%.

Volume was marginally up by 2.09% to 144,886,459 units with top five accounting for about 41% as only 3 quities had deals for above N10m units each.

Lead volume was #Sterling bank's 16,697,251 shares in 135 deals, followed by #Access Bank's 14,368,874 units in 159 deals then #Fidelity bank's 10,670,069 shares in 72 deals.

In terms of deals struck, total closed at 2868 up 20.2% and the pacesetter was #Zenith International's 341 deals for 9,617,256 units followed by #FBN Holdings 219 deals for 7,974,310 shares and then #Nigerian Breweries' 203 deals.

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