
The Nigerian equities market closed on a positive note today, following a 0.26 per cent increase in lead market indicators. This is in contrast to 1.80 per cent lost after Thursday’s trading session.
With 15 gainers to 15 losers, The Nigerian Stock Exchange All Share Index (NSE ASI) added 70.96 basis points to close at 27,450.91 basis points bringing the year to date losses to -4.16 per cent from -4.41 per cent recorded yesterday.
The Market Capitalization which is the total market value of all publicly quoted firms on the NSE gained N24.4 billion to close at N9.427 trillion compared with a loss of N171.9 billion recorded yesterday to close at N9.404 trillion.
PRESCO Plc led the day’s fifteen advancing stocks having improved by 9.55 per cent or N3.54 to close at N40.49 per share, CAP Plc added 4.99 per cent or N1.43 to close at N30.09, Honeywell Flourmills Plc followed with a growth of 4.62 percent or 6 kobo to close at N1.36 per share, Continental Reinsurance Plc gained 4.26 per cent or 4 kobo to close at 98 kobo per share, and Vitafoam Plc appreciated by 3.41 per cent or 10 kobo to close at N3.03 per share.
On the flip side, Wema Bank Plc led the day’s retreating stocks having dropped 4.48 per cent or 3 kobo to close at 64 kobo per share, FCMB Plc lost 4.42 per cent or 5 kobo to close at N1.08 per share, AIICO Insurance Plc fell 3.13 per cent or 2 kobo to close at 62 kobo per share, NASCON Allied Industries Plc declined by 2.79 per cent or 23 kobo to settle at N8 per share, and FBN Holdings Plc depreciated by 2.26 percent or 7 kobo to close at N3.03 per share.
The total value of stocks traded on the floors of The NSE amounted to N3.7 billion, while a total of 279.6 million shares exchanged hands in 3,255 deals.
The top three traded stocks were: Dangote Sugar Refineries Plc with the sale of 54.4 million shares worth N353.9 million, Guaranty Trust Bank Plc followed, trading 49.4 million stocks valued at N1.3 billion and UBA Plc exchanged 30.4 million shares worth N138.5 million.
Comments are closed.