Equities Trading Closes Green After N2bn Gain

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By Dipo Olowookere

The first gain on the Nigerian Stock Exchange (NSE) this week was achieved on Thursday after the market closed slightly higher by 0.01 percent.

The market capitalisation increased yesterday by N2 billion to close at N11.594 trillion, while the All-Share Index (ASI) increased by 4.05 points to settle at 30,833.50 points.

Despite the rebound yesterday, the market closed with 17 price losers as against 14 price gainers.

Presco topped the gainers’ chart with N6 price appreciation to settle at N68 per share and was followed by NASCON, which closed N1.80k higher to end at N20 per share.

GTBank grew by 90 kobo to finish at N36.90k per share, C&I Leasing appreciated by 72 kobo to finish at N7.99k per share, while UAC Nigeria rose by 20 kobo to close at N8 per share.

On the other hand, CCNN lost N1 to finish at N19 per share, while Dangote Flour reduced by 50 kobo to end at N10.50k per share.

PZ Cussons and Union Bank also lost 50 kobo each to close at N9.50k and N6.60k respectively, while Cadbury Nigeria went down by 30 kobo to settle at N10.90k per share.

At the market yesterday, the volume and value of shares exchanged by investors increased by 1,359.42 percent and 99.81 percent respectively.

A total of 1.9 billion shares worth N2.8 billion were traded on Thursday compared with the 131.4 million equities worth N1.4 billion transacted on Wednesday.

A total of 1.7 billion shares of Wema Bank valued at N1.3 billion were traded yesterday, making the counter emerged as the most active.

Chams closed with a turnover of 99.5 million shares worth N19.9 million, while UBA sold 17.4 million units worth N134 million.

Sterling Bank sold 13.1 million equities valued at N31.4 million, while Zenith Bank exchanged 9.5 million units for N207.4 million.

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