Three-day gaining streak of N760.13 billion on the Nigerian Stock Exchange (NSE) pushed the Market Capitalisation to N10 trillion mark which was last achieved in November, 2015. The market has continued to respond positively to the release of the guidelines on the Forex Policy by the Central Bank of Nigeria.
On the strength of Friday transactions, the Market capitalization gained N260.1 billion to close at N10.044 trillion from the opening value of N9.784 trillion.
The All Share Index (ASI) also closed above 29,000 basis points on Friday as it rose by 2.66 percent today to close at 29,247.27 points, compared to the increase of 2.14 percent achieved yesterday to close at 28,489.87 points.
The day’s top three traders were UBA which traded 187.1 million shares worth N897.3 million, FBNH which exchanged 100.7 million shares valued at N439.1 million and Zenith Bank which sold 63.9 million shares worth N1.1 billion.
Dangote Cement Plc led the day’s gainers as it appreciated by N8.75 to close at N183.81 per share, Nigerian Breweries rose by N7.1 to close at N148.86 per share, Guinness followed with a gain of N1.5 to close at N104 per share, while WAPCO added 99 kobo to close at N75 per share. Guaranty Trust Bank Plc advanced by 91 kobo to close at N21.61 per share.
Total Nigeria Plc topped the day’s losers as it depreciated by N5.99 to close at N173.01 per share, Conoil Plc lost N1.15 to close at N21.85 per share while Nigerian Aviation Handling Company Plc dropped 45 kobo to close at N4.23 per share. Berger Paints Plc and Oando Plc fell by 4 and 32 kobo each to close at N7.6 and N7 per share respectively.
At the end of the day’s transactions, investors traded 628.8 million shares worth N6.8 billion in 5,965 deals compared to a total of 618.2 million shares valued at N5.4 billion traded in 6,757 deals on Thursday.
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