Investors trade 412m shares at N47bn on Nigerian bourse Thursday

A total of 412 million shares valued at N4.7 billion were traded in 4,207 deals on The Nigerian Stock Exchange on Thursday.
The market capitalisation of the Exchange closed for the day at N12.8 trillion after increasing by N79.3 billion, thus extending the positive momentum that has been on for some time.
The market All-Share Index (ASI) increased by 230.17 points to close at 37,135.23 points, nudging the year-to-date return to 38.18 per cent.
Market breadth also still remained positive as the market recorded 25 gainers and 16 losers.The gainers’ chart was led by Guinness Nigeria, which expanded by N2.13k to settle at N72 per share.
Dangote Sugar rose by N1.25 kobo to close at N14 per share, while Nigerian Breweries added N1.15 kobo to finish at N172.40 kobo per share.
GTBank added N1.1 kobo to its opening value to end the day trading at N40.1 kobo per share, and Flour Mills of Nigeria appreciated by 80 kobo to close at N30 per share.
Mobil, on the other side, led the losers’ table with a fall of N8.65 kobo to settle at N232 per share. May & Baker depreciated by 15 kobo to close at N3.7 kobo per share, while Cutix shed 11 kobo to finish at N2.9 kobo per share.
Fidson Healthcare slumped by nine kobo to end at three naira per share, and NASCON also declined by nine kobo to close at N11.50 kobo per share.
Livestock Feeds was the most traded stock of the day having traded 134.5 million shares worth N134.2 million. It was followed by Access Bank, which sold 73.5 million shares valued at N735.5 million, and GTBank exchanged 49 million units for N1.95 billion.
Transcorp transacted 23.4 million shares at N33.7 million; while Zenith Bank traded 18 million shares at N456 million to be the fourth and fifth most traded stocks of the day.