Stock Market Watch: ASI gains 0.54% on Thursday

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Thursday with the All Share Index, ASI, appreciating by 203.09 points or 0.54 percent to close for the day at 37,611.65 basis points as against Wednesday’s 37,408.56 basis points closing figure.

The market capitalisation of the listed entities also rose to N12.017 trillion gaining N65 billion or 0.54 percent from the N11.952 trillion closing figure of Wednesday.

Conoil topped the gainers chart with a share price increase of N4.53k to close at N49.15k per share.

CAP Plc followed with a gain of N4.05k in its share price to close at N46.87k per share.

Dangote cement was in third position with a share price gain of N3.50k to close at N190.00 per share.

MRS occupied the fourth spot gaining N3.30k in its share price to close at N37.56k per share while UAC Property was last on the chart with a gain of N0.78k in its share price to close at N18.25k per share.

However, Guinness topped the losers chart with a loss of N4.00 in its share price to close at N241.00 per share.

NNFM was second losing N1.28k in its share price to close at N24.37k per share while UACN was in third position shedding N1.01k in its share price to close at N64.99k per share.

Presco was fourth with a loss of N1.00 in its share price to close at N34.50k per share while PZ was last on the chart dropping N1.00 in its share price to close at N39.00 per share.

At the close of transactions on Thursday, investors traded 329.24 million shares valued at N2.93 billion in 5,044 deals as against the 358.98 million shares worth N4.16 billion that was traded in 5,253 deals on Wednesday.

The top five trades by volume chart was led by Transcorp with 91.47 million volume of shares worth N171.10 million.

Unity Bank was second with 27.56 million shares valued at N14.58 million while Sterling Bank was third with 26.54 million shares worth N61.84 million.

WAPIC Insurance followed with 22.21 million shares valued at N21.32 million while UBA was last on the chart with 20.01 million shares worth N158.88 million.