NSE maintain bullish trend, investors networth rallied by N191bn

The Nigerian Stock Exchange (NSE) sustained bullish trend on Friday with the market capitalisation rising further by N191 billion due to Nestle gain.

Specifically, the market capitalisation which opened at N11.754 trillion rose by N191 billion to close at N11.945 trillion.

Also, the All-Share Index which opened at 22,554.84 grew by 366.75 points or 1.63 per cent to close at 22,921.59.

Market watchers attributed the persistent four-day rally to activities of institutional investors who were taking advantage of low price of stocks to increase their stake in the market.

Nestle Nigeria dominated the gainers’ table with a gain of N53.80 to close at N967 per share.

Nigerian Breweries trailed with N2.90 to close at N32.35, while BUA Cement garnered N2.45 to close at N31.85 per share.

Conoil appreciated by N1.55 to close at N17.40, while NASCON improved by 85k to close at N9.35 per share.

Conversely, Ardova topped the losers’ chart with a loss of N1.10 to close at N10.10 per share.

Cadbury came second with 70k to close at N6.30, while Lafarge Africa dipped 40k to close at N11.60 per share.