NSE trading improves by N37bn, market cap 0.28%

Trading activities on the Nigerian Stock Exchange on Friday improved by N37bn following price growth in some blue chip companies.

The market capitalisation, which opened at N13.313tn, rose by 0.28 per cent to close at N13.350tn, while the All-Share Index appreciated by 70.98 points (0.28 per cent) to close at 25,591.95, against 25,520.97 on Thursday.

Stanbic IBTC recorded the highest gain to lead the gainers’ chart, growing by N1.50 to close at N40 per share.

Lafarge Africa came second with 60k to close at N12.80, while Flour Mills added 35k to close at N29.50 per share.
Zenith Bank garnered 25k to close at N17.20, while Guaranty Trust Bank inched higher by 25k to close at N25 per share.

On the other hand, CAP topped the losers’ chart with a loss of N1.70 to close at N15.75 per share.

Julius Berger trailed with N1.40 to close at N15.60, while Ardova lost N1.25 to close at N11.35 per share.

Guinness dipped 50k to close at N13.50, while International Breweries lost 15k to close at N3.50 per share.

A breakdown of the activity chart indicates that Custodian Investment was the most active stock, exchanging 63.09m shares valued at N302.89m. Zenith Bank followed with an exchange of 17.73m shares worth N303.57m, while Guinness traded 13.69m shares valued at N185.08m.

Transcorp sold 9.28m shares worth N5.58m, while Africa Alliance Insurance sold 8.0m shares valued at N1.60m.
In all, investors traded 212.73m shares worth N2.28bn in 3,239 deals. This was in contrast to 236.48m shares valued at N1.65bn achieved in 3,251 deals on Thursday.

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