Equity market records 0.08% growth

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Equity market records 0.08% growth

By Chinyere Joel- Nwokeoma

After three  days of negative trading, transactions on the Nigerian Stock Exchange (NSE ) on Friday closed on a positive trend with both market indices recording marginal growth, appreciating by 0.08 per cent.

The News Agency of Nigeria (NAN) reports that the market capitalisation increased by N7 billion to close at N9.022 trillion against N9.015 trillion recorded on Thursday.

Mobil led the gainers’ table, growing by N12 to close at N276 per share, 7UP followed with a gain of N5.08 to close at N106.73 and Guinness garnered N2.95 to close at N67 per share.

NASCON gained 30k to close at N7.55, while Stanbic IBTC improved by 28k to close at N16.10 per share.

Conversely, Total recorded the highest loss to lead the losers’ chart, dropping by N13.97 to close at N261 per share.

Nestle trailed with a loss of N7 to close at N745, while Seplat shed N5 to close at N365 per share.

Forte Oil dipped 50k to close at N66.50 and ETI dropped 10k to close at N10 per share.

Access Bank was investors delight with a total of 31.91 million shares worth N223.35 million.

United Capital came second with an exchange of 24.99 million shares valued at N81.85 million, while Oando traded 21.11 million shares worth N95.22 million.

FBN Holdings sold 17.41 million shares valued at N62.21 million, while Fidelity Bank accounted for 14.32 million shares worth N13.03 million.

NAN reports that the volume of shares traded appreciated by 3.42 per cent as investors bought and sold 203.19 million shares valued at N2.02 billion.

This was against the 196.47 million shares worth N2.61 million shares exchanged in 2,804 deals on Thursday.


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