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NSE Index Gains 0.09%, Market Cap Rises By N2b


By Modupe Gbadeyanka

Activities on the Nigerian Stock Exchange (NSE) for the second consecutive day on Thursday recorded marginal growth with the All-Share Index appreciating by 0.09 per cent.

The index rose by 23.45 points or 0.09 per cent to close at 25,265. 08 against 25,241.63 posted on Wednesday.

In the same vein, the market capitalisation which opened at N8.689 trillion inched two billion naira to close at N8.691 trillion.

An analysis of the price movement table indicated that Mobil led the gainers’ table gaining N27.33 to close at N294 per share.

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Forte Oil garnered N5.49 to close at N59.20 and Okomu Oil appreciated by N1.81 to close at N38.01 per share.

Also, International Breweries chalked up 58k to close at N19 and Oando rose by 18k to close at N3.97 per share.

Conversely, Total recorded the highest price loss to lead the losers’ chart, dropping by N8.10 to close at N250.80 per share.

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Nigerian Breweries lost N1.98 to close at N143.02 and CCNN shed 22k to close at N4.26 per share.

NAHCO was down by 13k to close at N2.32 and UAC Property dropped 11k to close at N2.32 per share.

Also, the volume of shares traded closed higher as investors staked N1.91 billion on 773.87 million shares exchanged in 2,334 deals.

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NAN reports that this was in contrast with a turnover of 414.16 million shares valued at N3.42 billion transacted in 2,567 deals on Wednesday.

Wema Bank remained the most traded stock with a total of 542.46 million shares worth N292.94 million.

Diamond Bank came second with 91.49 million shares valued at N198.31 million and GT Bank traded 23.74 million shares worth N541.16 million.

FCMB Group accounted for 17.66 million valued at N17.56 million.


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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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