NSE: Presco, Nigerian Breweries, GTB lead gainers as market capitalisation gains N66 billion | Ripples Nigeria
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NSE: Presco, Nigerian Breweries, GTB lead gainers as market capitalisation gains N66 billion


The Nigerian Stock Exchange ended trading on a positive note Thursday as the key market indicators recorded notable improvement. The All Share Index (ASI) closed higher at 26,569.80 basis points, appreciating by 0.51% in the process. The market capitalisation rose by N66 billion to N12.824 trillion at the end of the trading session. Year to date, the index is down by 15.46%.


Presco led advancers today, appreciating by 9.51% to close at N41.45. Nigerian Breweries added up 2.83% to end today’s trade at N52.7. GTB went up by 3.57% to N29. Dangote Sugar rose to N16, notching up 5.96% in the process. Cadbury completed the top 5, climbing to N9.9 by 9.39%.


Union Bank topped the pack of losers, dipping by 4.55% to close at N6.3. Cutix shed 9.40% to end the day at N1.35. Unilever fell to N18.4, losing 0.54%. WAPCO slumped to N13.5, recording 0.74% depreciation. Neimeth closed at N0.66 after going down by 9.59%.

READ ALSO: Seplat completes refinancing for acquisition of Eland Oil & Gas


319.614 million shares valued at N3.072 billion were traded today in 2,503 deals.

Union Diagnostic was the toast of investors today with 186.991 million shares worth N41.139 million traded in 4 deals. 19.752 million of Fidelity Bank shares priced at N40.923 million exchanged hands in 67 transactions. Dangote Cement had 12.324 million shares valued at N1.725 billion traded in 59 deals. Zenith Bank traded 10.850 million shares estimated at N201.702 million in 223 transactions. UBA traded 8.375 million shares valued at N57.346 million in 143 deals.


International Breweries Plc notified the Exchange today of the appointment of a new Managing Director in person of Mr Hugo Dias Rocha, following the resignation of Mrs Anabelle Degroot.

Mr Rocha joined AB inBev, the parent company, some 24 years ago and has worked in sundry leadership positions spanning Sales, Process Integration and Human Resources in countries as diverse as Brazil, Colombia, China, Dominican Republic, South Africa and Argentina.

He holds a Masters of Business Administration (MBA) from the Sao Paulo Business School, Brazil and a degree in Mechanical Engineering from the Federal University, Paraisa, Brazil.

The company equally announced the appointment of Mr Bruno Sambrano Arana as Finance Director. He holds an MBA from Mccombs School of Business – Austin, Texas and Bachelor of Science in Economics from the University of Texas at Arlington – Arlington, Texas. He has a wealth of experience in all financial aspects from the AB inBev businesses in Latin America, East Africa and South Africa.

Ronald Adamolekun

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About the author

Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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