MAY 15, 2018: NESTLÉ REGAINS AT NIGERIAN STOCK EXCHANGE

On Tuesday, May 15, 2018, at the Nigerian Stock Exchange, highest priced Nestlé Nigeria regained the bulk of all it lost on Monday as it paced 12 gainers 

Nestlé Nigeria closed N43 per share up as against N50 per share drop previously which paced the market downwards.

It simply found and closed at N1573 per share compared to N1530 on Monday and recorded 50 deals for 0.325m shares worth N510.69m.

It was trailed too by Nigerian Breweries which in recent days has ended down almost on daily basis. NB gained N2.8 or 2.3% per share as 97 deals involving 5.93m of its shares were sealed for N735.24m.

In spite of both major gains, though, the All share index closed down again, this time by 0.15% to 40,615.42 after sliding by 0.84% on Monday.

This was because indeed at 25, there were far more price drops although in lower spread. 

Zenith Bank paced the losers with N1.15 or 4% per share decline as it opened at day high of N28.6 per share before closing lower at N27.6 compared to N28.75 per share previously.

This was as it recorded day high 374 deals for 11.727m shares worth N330.45m.

The rest price drops were below N1 per share each led by FBN Holdings down N0.50 or 4.17% per share in 2nd ranked 318 deals for 8.058m shares worth N94.88m 

Guaranty Trust Bank, down N0.3 per share, witnessed top traded value of N1.643bn in 3rd ranked 285 deals involving leading 37.15m shares.

In view of this value contribution, market traded value came to N4.427bn, almost double the N2.23bn on Monday although traded volume dropped to 203.35m shares and number of deals closed at 4090, down marginally on Monday's 4109.

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