WAPCO Gained N7.5billion Today But See Which Top Brewer Lost N22billion In Value Today Alone (28/10/13)

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

The Nigerian Stock Exchange Closed lower today losing  0.49% or 183.6 points to close at 37,278.34. Leading the Gainers chart was Larfarge WAPCO gaining N2.5 to close at N101. WAPCO released its 2013 results and must have impressed the market as the price gain is the highest in a month.

Nigerian breweries on the other hand lost N2.95 or N22billion in market cap to close at N167.05. NBL has lost about N10 (N75.6billion in market cap) since October 22 when it announced tepid results and offered a poor outlook for the company going forward. This may have resulted in investors shifting interest to Guinness which also saw a rose of N2 to close at N240 per share.

Top 5 Gainers

Company	Last Close	Current	Change
WAPCO	98.50	101.00	2.50
GUINNESS	238.00	240.00	2.00
ASHAKACEM	21.17	21.50	0.33
PORTPAINT	5.00	5.24	0.24
CCNN	9.75	9.95	0.20

Top 5 Losers

Company Last Close Current Change NB 170.00 167.05 -2.95 CADBURY 56.50 53.72 -2.78 OKOMUOIL 45.99 44.00 -1.99 CAP 48.99 47.00 -1.99 PZ 38.99 38.49 -0.50