SEPT 28, 2017: ASI RECOVERS AT NIGERIAN SE BUT....

Yesterday September 27, 2017 the All shares index recovered from two days of decline closing up by 0.44% to 35103.40 but trading was on the low side.

ASI had eased by 1.15% to 34951.27 the previous day after losing 0.37% on Monday.

The recovery was driven by 1.72% rise in premium index to 2279.95 as Dangote Cement gained N4 per share and Zenith closed N0.39 up and 0.79% increase industrial index to 1958.76 as Nestlé led. Others with N4.76 gain per share.

Dangote cement had closed Tuesday, September 26 at N206 then opened the day at N200 before recovering to day high and close of N210 per share.

On the other hand Nestlé closed Tuesday at N1205.3 then hit day high and close of N1210.06 per share.

In all there were 24 price gains and 22 drops. In % terms the gainers were led by Champion Breweries up 8.14%  or N0.18 per share followed by Neimeth International Pharmaceuticals up 4.82% or N0.03 per share.

The price drops were paced in Naira terms by Mobil which lost N2.01 per share and Nigerian Breweries down N1.5 per share.

However, in % terms leading drop was by Morison industries, down 8.30% or N0.06 per share followed by UAC Property which lost N0.15 or 5% per share.

Trading was on the low side with traded volume coming to 134.4m shares worth N1.269bn in 2860 deals.

Top volume was recorded in International Breweries as 30 deals for 35.85m shares worth N26.06m.

Top traded value was as 76 deals involving 0.166m shares of Nestlé worth N200.99m were struck.

But Zenith bank paced number of deals with 287 deals for 4.36m shares worth N98.24m.

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