The Nigerian Stock Exchange (NSE) reported on Friday that its All-Share Index crossed to 35,000 mark for the first time after the capital market crashed in 2008.

The index appreciated by 606.95 points or 1.76 per cent to close at 35,109.33 on Friday from the 34,502.38 posted on Thursday.

Similarly, the market capitalisation, which opened at N11.03 trillion, grew by N194 billion to close at N11.23 trillion as a result of price appreciation.

Guinness led the gainers' table by N7.87 to close at N274.02 per share.

Dangote Cement appreciated by N6.80 to close at N185, while UACN inched by N5.88 to close at N64.68 per share.

Total gained N5 to close at N143, while Nigerian Breweries rose by N1.49 to close at N161.50 per share.

Analysts attributed the renewed interest in the equities to improved first quarter results released by some companies this week

They also attributed the new interest to the dividend of N1.50 and bonus of one for five shares proposed by UACN in the 2012 financial year.

Conversely, Beta Glass topped the losers' chart by 67k to close at N10 per share.

Ashaka Cement dipped by 45k to close at N23.30, while ETI lost 24k to close at N15.21 per share.

RT Briscoe dropped 18k to close at N1.62, while UBA Capital lost 12k to close at N1.08 per share.

The volume of shares traded appreciated by 89.10 per cent due to the exchange of 573.47 million shares worth N5.41 billion in 4,958 deals.

This was against the 303.26 million shares valued at N3.75 billion traded in 5,756 deals on Thursday.

UBA was the toast of investors, accounting for 362.55 million shares worth N2.54 billion.

Skye Bank sold 33.01 million shares valued at N190.59 million, while FBN Holdings recorded a turnover of 22.20 million shares worth N434.12 million.


http://businessdaynigeria.com/all-share-index-crosses-35000-mark-five-years

This nigeria economy doesn't look to me like something about crashing.....All numbers are doing good!

From foreign reserve to inflation rates to banks profit end of year results!.....Liar Mohammed pls where again did you say nigeria economy is about crashing?