Market Cap gains N71billion on Friday

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish trend on Friday with the market capitalisation of entities on the main board gaining by N71 billion or 0.54 percent to close at N13.265 trillion as against Thursday’s closing figure of N13.194 trillion.

The NSE All Share Index, ASI, equally closed higher on Friday at 41,450.48 basis points appreciating by 221.99 points or 0.54 percent when compared with Thursday’s closing figure of 41,228.49 basis points.

At the close of Friday’s transactions, investors traded 524.46 million shares valued at N4.21 billion in 5,496 deals.

This was in contrast with the 489.41 million shares valued at N3.93 billion that was exchanged in 3,966 deals on Thursday.

Total led the gainers chart on Friday with an increase of N8.66k in its share price to close at N181.96k per share.

Guinness followed gaining N1.91k in its share price to close at N237.00 per share while GTB in third spot gained N1.13k in its share price to close at N28.88k per share.

Union Dicon was fourth with a share price gain of N1.11k to close at N12.08k per share while Nigerian Breweries was last on the chart with a gain of N0.99k in its share price to close at N166.00 per share.

However, Conoil led the losers chart shedding N6.61k in its share price to close at N61.32k per share.

Mobil was second losing N2.90k in its share price to close at N115.70k per share while Cadbury in third spot lost N2.00 in its share price to close at N56.61k per share.

NASCON was fourth with a loss of N0.73k in its share price to close at N14.12k per share while Ashaka Cement was last on the chart with a share price loss of N0.71k to close at N21.17k per share.

Sterling Bank led the top five trades by volume chart on Friday with 99.92 million shares worth N252.74 million.

Unity Bank was second with 63.34 million shares valued at N31.67 million while Oando was third with 49.08 million shares worth N1.38 billion.

UBA Capital was fourth with 40.45 million shares worth N98.65 million while UBA was last on the chart with 36.54 million shares worth N341.03 million.