By Dipo Olowookere
Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed on a positive note yesterday with the market appreciating further by 0.58 percent, leaving the Year-to-Date (YtD) at -4.20 percent.
Business Post reports that gains recorded by CCNN, Dangote Sugar and other stocks lifted the spirits of investors as they gained N76 billion at the close of business on Friday.
CCNN, which topped the risers’ chart, appreciated by N2.85k to finish at N31.35k per share, with Dangote Sugar following after increasing by N1.50k to end at N16.50k per share.
International Breweries also went up by N1.50k to settle at N37 per share, Forte Oil grew by 90 kobo to end at N24 per share, while Dangote Flour improved by 80 kobo to finish at N9.05k per share.
At the other end, it was a bad day for Seplat as its shares recorded N25 price decline to close at N625 per share.
It was followed by Berger Paints, which declined by 55 kobo to finish at N8 per share, and Total Nigeria, which dropped 20 kobo to settle at N199.80k per share.
NPF Microfinance Bank recorded 15 kobo loss to end at N1.57k per share, while Secure Electronic Technology reduced by 4 kobo to close at 40 kobo per share.
At the close of transactions on Friday, the All-Share Index (ASI) appreciated by 209.75 points to close at 36,636.97 points, while the market capitalisation went up by N76 billion to finish at N13.272 trillion. This was buoyed by the positive half year results of some companies which have released their financial scorecards.
Business Post reports that while the volume trades recorded yesterday increased by 81.85 percent, the value jumped by 17.12 percent.
At the close of business, the total number of shares exchanged by investors moved from 171.2 million to 311.4 million, while the total value of stocks transacted rose to N3.5 billion from N3 billion.
Financial stocks dominated yesterday’s trading, exchanging a total of 158.5 million shares worth N1.7 billion with the services stocks following with 101.8 million shares sold for N218 million.
A further breakdown showed that investors could not take their eyes off shares of MedView Air, selling 100 million units worth N214 million.
It was followed by United Bank for Africa, which sold 32.1 million shares valued at N310.8 million, while Zenith Bank traded 31.3 million units worth N743.1 million.
Fidelity Bank exchanged 24 million equities worth N45.4 million, while Transcorp sold 12.6 million shares valued at N15.1 million.
