NSE indices grow by 0.43% in spite of high volume of transactions

The market indicators of the Nigerian Stock Exchange (NSE) on Friday appreciated marginally, in spite of the high volume of traded shares.

The News Agency of Nigeria (NAN) reports that the Market Capitalisation rose by N53 billion or 0.43 per cent to close at N12.434 trillion, against the N12.381 trillion achieved on Thursday.

The All-Share Index, which opened at 38,545.88 points, grew by 166.88 points or 0.43 per cent to close higher at 38,712.76 points.

NAN reports that Nestle led the gainers’ chart, gaining N74.35 to close at N1,124.35 per share.

Forte Oil came second with a gain of N4.91 to close at N106.20, while GT Bank garnered 95k to close at N27 per share.

Oando appreciated by 54k to close at N17.02, while Ashaka Cement chalked up 32k to close at N16.52 per share.

CAP topped the price losers, shedding N2.66 to close at N35.96 per share.

Cadbury trailed with N1 to close at N72, while Stanbic IBTC dropped 98k to close at N20.03 per share.

Nigerian Breweries lost 93k to close at N150.06, while UAC-Property declined by 84k to close at N25.16 per share.

The volume of shares traded improved as 577.438 million shares worth N3.82 billion were traded in 4,533 deals.

This was in contrast to the 263.740 million shares valued at N4.32 billion achieved in 3,941 deals on Thursday.

Sterling Bank drove the turnover volume with 270.40 million shares worth N678.19 million, achieved in 205 deals.

Resortsal followed with 103.02 million shares valued at N151.51 million in 12 deals, while GT Bank traded 44.24 million shares worth N1.19 billion exchanged by investors in 546 deals.

UBA came fourth with 21.56 million shares valued at N153.07 million in 230 deals, while investors staked N206.12 million on 15.74 million shares of ETI in 44 deals. (NAN)