NSE indices record 0.15 pct marginal growth

Crucial indices of the Nigerian Stock Exchange, NSE, recorded a marginal growth of 0.15 per cent, after succumbing to the bears.

All-Share Index rose by 47.72 points or 0.15 per cent to close at 30,866.82 compared with 30,819.10 achieved on Thursday.

Also, the market capitalisation which opened at ₦11.251 trillion inched ₦15 billion or 0.15 per cent to close at ₦11.268 trillion.

Nestle led the gainers’ table increasing by ₦69 to close at ₦1,549 per share.

Dangote Sugar followed with a gain of 40k to close at ₦13.50, while Ikeja Hotel appreciated by 17k to close at ₦1.87 per share.

Access Bank increased by 15k to close at ₦7.45, while Diamond Bank gained 9k to close ₦1.02 per share.

On the other hand, Dangote Cement recorded the higehst loss, leading the losers’ table with ₦1 to close at ₦184 per share.

Flour Mills trailed with a loss of 80k to close at ₦20.20, while Air service lost 70k to close at ₦6.30 per share.

Ecobank Transnational declined by 50k to close at ₦15.50, while Stanbic IBTC also lost 50k to close at ₦46.50 per share.

Similarly, the turnover volume of shares traded declined by 36.29 per cent with an exchange of 178.99 million shares valued at ₦1.56 billion in 2,631 deals.

This was in contrast with 280.93 million shares worth ₦2.31 billion traded in 3,030 deals on Thursday.

Oando was the most active stock, exchanging 60.30 million shares valued ₦310.81 million.

FCMB Group followed with an account of 23.44 million shares worth ₦33.68 million, while Diamond Bank sold 14.31 million shares valued at ₦14.21 million.

Sterling Bank traded 11.91 million shares worth ₦20.06 million, while Zenith International Bank sold 11.06 million shares valued at ₦259.48 million.

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