Nestle hits N1,315 on NSE, lifts index by 0.55%

Nestle Nigeria has  hit N1,315 to lift the All-Share Index by 0.55 per cent, continuing its upward trend on the Nigerian Stock Exchange (NSE) on Wednesday. Nestle improved by N25 to close at N1,315 per share.

Forte Oil followed on the gainers’ table with a gain of N2.05 to close at N43.20, while Unilever chalked up N1.79 to close at N41.89 per share.

UACN increased 60k to close at N17.50, while Cadbury rose by 58k to close at N12.33 per share.

Consequently, the All-Share Index sustained growth, improving by 205.47 points or 0.55 per cent to close at 37,709.20 in contrast to 37,250.78 recorded on Tuesday. In the same vein, the market capitalisation appreciated by N71 billion to close at N13.132 trillion against N13.061 trillion posted on Tuesday.

Conversely, Mobil Oil topped the losers’ chart, dropping by N2.85 to close at N159.65 per share. Lafarge Africa trailed with a loss of N1 to close at N49, while PZ Industries shed 47k to close at N22.85 per share.

National Salt dipped 25k to close at N15.35, while Stanbic IBTC shed 5k to close at N41.80 per share.