Nigerian Equity Market Maintains Growth, Up By 0.31%

Equities on the floor of the Nigeria Stock Exchange remained positive on Friday, with the market indices increasing further by 0.31 per cent.

The All-Share Index gained by 78.51 points or 0.31 per cent, to close at 25,817.69. That was against the 25,739.18 recorded on Thursday.

Similarly, the market capitalisation which started at N8.856 trillion increased by N27 billion, to close at N8.883 trillion.

Forte in front

For two successive days, Forte Oil led the gainers’ chart. It appreciated by N9.86 to close at N106.23 per share.

Nigerian Breweries followed with a gain of N2.95 to close at N145 and Okomu Oil rose by N1.99 to close at N40 per share.

7Up recorded 64k to N130 and ETI chalked up 34k to close at N9.94 per share.

Seplat is beggest loser

Seplat topped the losers’ chart as it lost N2.90 to close at N340 per share.

Presco dipped N2.20 to close at N41.87, while Mobil lost N2.15 to finish at N305 per share.

Large Wapco dropped N2.08 to close at N38.82 and Unilever was down by N1 to close at N45 per share.

But the volume of shares transacted closed lower as investors bought and sold 108.53 million shares. They were valued at N1.63 billion, exchanged in 2,512 deals.

This was against the 165.99 million shares worth N1.27 billion traded in 2,485 deals on Thursday.

The most traded

Diamond Bank remained the most-traded equity with a total of 23.64 million shares worth N20.11 million.

It was followed by Transcorp with 15.13 million shares valued at N12.89 million, while Access Bank accounted for 9.82 million shares worth N52.77 million.

FCMB Group transacted 7.89 million shares valued at N8.06 million and FBN Holdings exchanged 7.39 million shares valued at N25.96 million.