At the Nigerian Stock Exchange (NSE) yesterday, Nestle Nigeria plc led the pack of 68 gainers against only three losers as the equities market recorded N910bn gain in one day.
The NSE All Share Index (ASI) rose by 8.30 percent to close at 34,380.14 points against the preceding level of 31,744.82 points. Likewise, market capitalisation closed high at N11.62trn as against preceding level of N10.71trn. The Year-to-Date (ytd) return stood at -0.80 pecent. Nestle Nigeria plc gained N47 gain from N845 to N892, while Seplat Petroleum Development Company plc gained N31.5, from N398 to N429.5.
Also, Forte Oil plc rallied from N177.08 to N195.22, adding N18.14; while Dangote Cement plc gained N16.4, from N160 to N176.4. Nigerian Breweries plc appreciated by N14.64, from N143.7 to N158.34. In 4,611 deals, equity dealers exchanged 881.584 million units valued at N10.938bn.
Crude Oil rallied on Wednesday for the first time in four days after weekly U.S. stock builds turned out to be less than some feared, and negotiators missed a deadline on Iranian nuclear talks that might bring more supply to the market. Brent crude for May delivery was up $2.01 at $57.12 a barrel.
U.S. crude for May delivery was trading $2.40 higher at $50 a barrel by 12:35pm. Fidson Healthcare plc led the losers chart yesterday at the Nigerian bourse after shedding N0.18, from N3.76 to N3.58; while Okomu Oil Palm plc declined from N29.84 to N29.75, down by N0.09, while International Energy Insurance plc dropped from N0.54 to N0.53, after losing N0.01.
There are indications that the NSE will extend by one month (till April 30) the submission of full year 2014 results of listed companies for the year ended December 31.
