Nigerian Stock Exchange Bounces Back With 0.47% Growth

Transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday, reversing the four-day back-to-back loss posted since Monday. The All-Share Index improved by 204.70 points or 0.47 per cent compared to 43,529.06 recorded on Thursday. Similarly, the market capitalisation rose by N88 billion to close at N15.691 trillion against N15.603 trillion. A breakdown of price movement chart showed that Mobil Oil led the gainers’ table, increasing by N7 to close at N216 per share. Nigerian Breweries followed with a gain of N3.63 to close at N251.75, while NASCON gained 99k to close at N20.83 per share.

Dangote Flour appreciated by 83k to close at N15.95, while FBN Holdings added 83k to close at N13.63 per share. On the other hand, Guinness topped the losers’ chart, shedding N4.10 to close at N112 per share. Conoil trailed with a loss of N2.06 to close at N39.32, while Guaranty Trust Bank declined by 87k to close at N49 per share. Redstar Express lost 28k to close at N5.51, while Fidson Healthcare went down by 22k to close at N4.46 per share.

The banking sector was the most active with FCMB emerging the most traded, exchanging 193.09 million shares worth N554.74 million. Diamond Bank followed with account of 133.02 million shares valued at N341.45 million, while Skye Bank traded 83.79 million shares worth N60.64 million. Wema Bank transacted 57.03 million shares valued at N60.65 million, while FBN Holdings sold 53.05 million shares worth N718.11 million. In all, a total of 1.34 billion shares worth N8.63 billion were traded in 9,053 deals by investors. This was against the 1.34 billion valued at N10.73 billion traded in 11, 355 deals on Thursday.

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Author: see naija

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