Stock market indices appreciate by 1.42 pct

Nigeria Stock Exchange Market

Weekly equity transactions on the Nigerian Stock Exchange (NSE) closed on Thursday on upbeat note as the All-Share Index grew by 1.42 per cent.

The index rose by 507.12 basis points to close higher at 336,116.19 against the 35,609.07 achieved on Wednesday. Market capitalisation, which opened at ₦12.249 trillion, rose by ₦175 billion or 1.42 per cent to close at ₦12.448 trillion.

An analysis of the price movement chart indicated that Dangote Cement recorded the highest gain to lead the gainers table by ₦9.79 to close at ₦216.91 per share.

Guinness followed with a gain of ₦8.94 to close at ₦1,126, while Stanbic IBTC appreciated by ₦1.49 to close at ₦39.9 per share.

Nigeria Breweries gained ₦1.4 to close at ₦184, while Flour Mill increased by ₦1 to close at ₦30 per share.

Conversely, Seplat topped the losers’ chart, losing ₦24.1 to close at ₦457.9 per share.

Mobil trailed with a loss 99k to close at ₦165.61, while NCR lost 36k to close at ₦6.97 per share.

FBNH depreciated by 20k to close at ₦5.76, while Oando shed by 23k to close at ₦6.3 per share.

The volume of shares traded, however, decreased by 20.99 per cent with an exchange of 222.69 million shares worth ₦4.17 billion traded in 4,622 deals.

This was in contrast to the 281.83 million shares valued at ₦5.42 billion traded in 4,066 deals on Wednesday.

Sterling Bank emerged the toast of investors, accounting for 36.58 million shares valued at ₦37.25 million.

It was followed by Royalex with 35.72 million shares valued at ₦17.86 million.

Fidelity Bank traded 21.91 million shares worth ₦29.39 million, while Access Bank sold 21.55 million shares worth ₦212.45 million.

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