Index Rises 1.54% as Investors Portfolios Grows N325bn
By Dipo Olowookere
Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended positive on Thursday, appreciating by 1.54 per cent.
The All-Share Index (ASI) increased during the session by 622.09 points to settle at 40,963.14 points in contrast to the previous day’s 40,341.05 points, while the market capitalisation appreciated by N325 billion to close at N21.419 trillion as against N21.094 trillion it ended on Wednesday.
It was observed that the level of activity improved yesterday with the volume of shares traded by investors rising by 72.89 per cent to 809.4 million units from 468.1 million units. The value of shares transacted by market participants increased by 27.89 per cent to N8.9 billion from N7.0 billion achieved the preceding session, while the number of deals jumped by 17.71 per cent to 6,706 deals from 5,697 deals.
Transcorp was the most active stock on Thursday, selling 136.6 million shares worth N130.2 million, while Mutual Benefits Assurance exchanged 70.6 million stocks valued at N27.4 million.
GTBank transacted 69.0 million equities for N2.3 billion, Lafarge Africa transacted 61.9 million shares worth N1.4 billion, while FBN Holdings traded 44.5 million stocks valued at N329.5 million.
On the price movement chart, Seplat finished the day as the highest price gainer, adding N43.50 to its share price to close the day at N540 per unit.
Dangote Cement grew by N7 to close at N237 per share, MTN Nigeria rose by N3 to sell at N168 per unit, Ardova improved by N1.85 to quote at N21.85 per share, while NASCON gained N1.55 to close at N17.50 per unit.
At the other end, Neimeth finished the day as the worst-performing stock after it depreciated by 14 kobo to trade at N2.06 per share, while Guinness Nigeria lost 5 kobo to sell at N18.85 per unit.
NAHCO went down by 4 kobo to close at N2.25 per share, Jaiz Bank lost 2 kobo to quote at 70 kobo per unit, while Courtville declined by 2 kobo to settle at 22 kobo per share.