NSE weekly transactions end on upbeat note

Weekly transactions on the Nigerian Stock Exchange (NSE) ended on positive note on Friday with some blue chip appreciating substantially.

The News Agency of Nigeria (NAN) reports that Nestle led the gainers’ chart with a gain of N14.20 to close at N973 per share.

Nigerian Breweries came second on the chart with a gain of N6.89 gain to close at N152.89, while Total Nigeria rose by N5 to close at N153 per share.

Oando grew by N1.48 to close at N16.04 and it was followed by Zenith Bank which appreciated by N1.21 to close at N22 each.

The All-Share index rose by 481.52 points to close at 37,790.12 against the 37,308.60 achieved on Thursday.

Similarly, the market capitalisation, which opened at N11.98 trillion, closed at N12.14 trillion.

On the other hand, Flour Mill topped the losers’ chart, dropping N7.25 to close at N67.25 per share.

It was followed by PZ which lost N1.61 to close at N30.69,

Guinness dipped by N1.15 to close at N163.85 per share, while International Breweries lost 86k to close at N23.14.

Dangote Cement lost 51k to close at N228 per share.

In all, a total of 309.713 million shares valued at N5.06 billion were exchanged in 4,363 deals on Friday.

This was against a turnover of 320.341 million shares worth N3.76 billion achieved in 5,005 deals on Thursday.

GTBank was the most traded with 57.92 million shares valued at N1.49 billion. It was trailed by Zenith Bank which sold 56.42 million shares worth N1.21 billion.

UBA sold 40.62 million shares worth N287.08 million. (NAN)