Seplat Lifts NSE by 0.07% as Capital Market Turnover Rises
By Modupe Gbadeyanka
The volume of shares transacted at the Nigerian Stock Exchange (NSE) on Friday finished higher than what was achieved yesterday.
Investors bought and sold a total of 201.73 million shares valued at N2.6 billion executed in 2,604 deals compared with the 139.75 million units traded on Thursday at N1.53 billion transacted in 2,484 deals.
Just like yesterday, the Financial Services sector dominated the activities chart with Union Bank emerging investors’ toast, accounting for a total of 51.63 shares exchanged at N252.7 million.
Fidelity Bank came second trading 32.9 million units valued at N28 million, while Access Bank sold 18.7 million shares at N130 million.
Zenith Bank transacted 13.8 million shares worth N207 million and Diamond Bank exchanged 10.7 million units for N9.32 million.
The market indices closed in the green territory on Friday with the all-share index growing by 17.72 points or 0.07 percent, while the market capitalisation appreciated by N7.2 billion.
Business Post correspondent reports that while the all-share index finished at 25,340.02 points after opening at 25,322.30 points, the market capitalisation ended at N8.769 trillion after opening at N8.762 trillion.
In the price movement log, Seplat led the 19 stocks that finished strong at the market, while Nigerian Breweries topped the 10 equities that closed the market in red.
While Seplat added N5 to end at N375 per share, Beta Glass appreciated by N1.57k to finish at N33.7k per share.
Zenith Bank rose by 44k to close at N15.45k per share, Access Bank chalked up 33k to end at N6.94k per share and AirService progressed by 24k to finish at N2.74k per share.
At the other end of the log, Nigerian Breweries lost N3.73k to close at N125 per share and ETI dropped 20k to end at N9.80k per share.
UAC Property fell by 9k to finish at N1.89k per share, Livestock Feeds depreciated by 3k to close at 72k per share, while Fidelity Bank went down by 2k to end at 83k per share.