NSE: Index crosses 39,000 mark in a bullish trading

Transactions on the Nigerian Stock Exchange on Wednesday maintained the bullish trend with the All-Share Index crossing the 39,000 mark.
The News Agency of Nigeria reports that the index grew by 967.13 points or 2.51 per cent to close at 39,453.23 against the 38,486.08 achieved on Tuesday following price growth.
NAN reports that the index had on May 30 crossed the 38,000 mark for the first time after the global financial crisis.
Similarly, the market capitalisation rose by N309 billion or 2.51 per cent to close at N12.60 trillion from the N12.29 trillion recorded on Tuesday.
Dangote Cement, the most capitalised stock on the Exchange topped the gainers’ table with a gain of N13.74 to close at N210 per share.
Total came second on the gainers’ list, appreciating by N6 to close at N166, while CAP increased N4.50 to close at N49.50 per share.
Flour Mills grew by N3.16 to close at N95.16, while Okomu Oil Palm advanced N3.01 to close at N45 per share.
Conversely, Nestle recorded the highest loss, dropping N1.20 to close at N1,068.80 per share.
Guinness lost N1 to close at N279, while Portland Paint dipped 53k to close at N4.78 per share.
Lafarge Cement dropped 50k to close at N98, while University Press declined 45k to close at N5.05 per share.
In all, investors staked N5.58 billion on 489.13 million shares in 6,609 deals against 359.13 million shares worth N4.75 billion achieved in 6,743 deals on Tuesday.
Skye Bank was investors delight with an exchange of 47.78 million shares valued N257.33 million.
Transcorp accounted for 38.56 million shares worth N47.87 million, while UBA recorded a total of 32.87 million shares valued N280.86 million.