DEC 14, 2018: SEPLAT Vs NESTLÉ AT NIGERIAN STOCK EXCHANGE

Which way the All share index on Friday December 14, 2018 at the Nigerian Stock Exchange was more or less a tussle between Seplat Petroleum and Nestlé Nigeria.

Seplat pace price gainers with N54 of 10% per share leap while Nestle shed N30 or 2.03% per share to lead the price losers.

In the end, the All share index rose by 0.34% to 30,672.79 after 2 days down. Seplat found and closed at N594 per share compared to N540 on Thursday  while recording 15 deals for 0.013m shares worth N7.820m.

It was aided by Nigerian Breweries up N3.5 or 4.61% amidst 37 deals through which 0.158m shares were exchanged for N12.346m.

In contrast, Nestle found and ended at N1450 per share from N1480 previously while recording 112 deals for 12.244m units valued at N89.873m.

On its trails were PZ Cussons down N1.15 or 10% per share while witnessing 55 deals for 1.335m shares worth N13.849m and Dangote Cement which shed N1 per share or 0.54% while posting 34 deals for 0.180m shares valued at N33.382m.

All other gains and drops were below N1 per share meaning they had far less impact on the closing ASI.

The list includes gains by UACN (up N0.7 or 7%); Berger Paints (N0.65 or 10% per share) FBN Holdings up N0.25 or 3.47% per share and price loses by Flour Mills (down N0.45 or 2.14%) and Fidson Pharmaceuticals which shed N0.3 or 6.12% per share.

Traded volume recovered greatly but this was not followed with growth in traded value and number of deals struck.

In all, 2337 deals were sealed for 349.233m shares worth N2.306bn compared to 2950 deals for 193.253m units worth N3.696bn on Thursday.

There were 2 major offloads each above 100m shares. FCMB, up N0.09 per share, recorded 90 deals for 105.313m shares worth N163.516m while UBA closed up N0.15 per share and accounted for 71 deals for 100.927m shares worth N761.998m.

Leading number of deals was Zenith Bank with 194 deals involving 11.203m shares valued at N257.671m.

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