Dipo Olowookere
By Dipo Olowookere
The upward movement at the local bourse continued on Friday with a 0.34 per cent increase as the All-Share Index (ASI) gained 180.70 points to settle at 53,098.46 points compared with the preceding day’s 52,917.76 points.
Business Post reports that the advancement in the prices of 29 stocks on the Nigerian Exchange (NGX) Limited during the session expanded the market capitalisation of the platform by N97 billion to N28.626 trillion from N28.529 trillion.
According to data, the best-performing equity was Northern Nigerian Flour Mills as it gained 9.94 per cent to trade at N9.95, McNichols appreciated by 9.84 per cent to N1.34, Neimeth grew by 9.71 per cent to N1.92, Transcorp Hotels rose by 9.66 per cent to N4.88, while Royal Exchange gained 9.29 per cent to finish at N1.53.
A total of 28 shares depreciated in price, with Champion Breweries as the worst loser after its value went down by 9.90 per cent to N4.37. International Breweries depreciated by 9.74 per cent to N8.80, Academy Press declined by 9.58 per cent to N1.51, Tripple Gee depleted by 9.38 per cent to 87 kobo, while Regency Assurance went down 6.45 per cent to 29 kobo.
During the session, investors bought and sold 303.5 million shares worth N3.6 billion in 7,019 deals, compared with the 426.0 million shares worth N5.7 billion traded in 7,639 deals a day earlier, representing a decline in the trading volume by 28.76 per cent, a decline in the trading value by 37.25 per cent and a decline in the number of deals by 8.12 per cent.
Transcorp was the most active stock on Friday as it sold 37.9 million units for N48.2 million, Jaiz Bank exchanged 32.3 million units worth N29.0 million, Lafarge Africa transacted 15.0 million units worth N475.2 million, GTCO traded 14.0 million units valued at N333.4 million, Oando sold 13.0 million units valued at N77.3 million.
In the last trading session for the week, the energy index gained 4.84 per cent, while the insurance, banking, consumer goods and industrial goods sectors depreciated by 1.31 per cent, 1.22 per cent, 0.46 per cent and 0.07 per cent respectively.
