Transactions on the Nigerian Stock Exhange ended on a bullish trend with the gaining 1,030.98 points or 2.44% at the close of trading on Wednesday. The market capitalisation rose by N370 billion in a session to close at N15.549 trillion against N15.179 trillion recorded on Tuesday. Meanwhile, the All-Share Index, which opened at 42,299.56, inched 1,030.98 points or 2.44 per cent to close at 43,330.54.
Market watchers said that investors were taking position of the low prices ahead of 2017 earnings season. They said that most companies would announce their 2017 audited results in the coming week. Nestle lifted the market indicators with a gain of N42 to close at N1, 442 per share.
It was trailed by Dangote Cement followed with N12.80 to close at N269.90, while Nigerian Breweries gained N5.80 to close at N135.90 per share. Seplat added N2.60 to close at N660.50, while Unilever grew by N2.40 to close at N51.20 per share. On the other hand, Redstar Express led the losers table with a loss of 30k to close at N6 per share.
