Transactions bullish on NSE

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Transactions maintain bullish trend on NSE
Transactions maintain bullish trend on NSE

By Okoro Lilian

Equity transactions on the Nigerian Stock Exchange (NSE) on Thursday closed on a bullish note with some blue chips sustaining price rally

The News Agency of Nigeria (NAN) reports that Total Oil led the gainers’ table with N8.92 to close at N250 per share.

Seplat came second on the gainers’ chart with N5 to close at N325, while Unilever rose by N2.87 to close at N45.15 per share.

ConOil grew by N2.68 to close at N28.89, while Dangote Cement appreciated by N1.49 to close at N176 per share.

The NSE All-Share also appreciated by 83.27 points or 0.30 per cent to close higher at 27,725.40 against the 27,642.13 achieved on Wednesday.

Also, market capitalisation, which opened at N9.49 trillion, rose by N28 billion or 0.53 per cent to close at N9.52 trillion.

On the other hand, GTBank led the losers’ table, dropping 5k to close at N26.5, while Neimeth and UAC-Prop both came second with 1k each to close at N1.08 and N3.4 per share respectively.

Champion decreased by 0.08k to close at N2.47, while UBA declined by 0.07k to close at N4.21 per share.

Similarly, the volume traded shares increased as a total of 200.29 million shares valued at N1.59 billion were exchanged in 3,257 deals.

NAN reports that this was against a turnover of 182.29 million shares worth N1.79 billion achieved in 2,776 deals on Wednesday.

The Financial services sector remained the investors’ delight as FCMB emerged the most traded stock, accounting for 49.38 million shares valued N49.38 million.

It was trailed by Access Bank, which sold 23.49 million shares worth N130.69 million, while NEM Insurance accounted for 17.12 million shares valued N13.69 million.

Fidelity Bank traded 12.56 million shares worth N11.09 million, while investors in Transcorp staked N13.04 million on 11.93 million shares.


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