Equity transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday, August 26, managed a rebound as lead market indicators see a 0.26 percent increase in contrast to 1.80 percent lost during Thursday’s trading session.
The All Share Index (ASI) added 70.96 points to close at 27,450.91 points bringing the year to date losses to -4.16 percent from -4.41 percent yesterday.
The Market Capitalisation gained N24.4 billion to close at N9.427 trillion compared with a loss of N171.9 billion recorded yesterday to close at N9.404 trillion.
PRESCO Plc led the day’s 15 advancing stocks having improved by 9.55 percent or N3.54 to close at N40.49 per share, CAP Plc added 4.99 percent or N1.43 to close at N30.09, Honeywell Flourmills Plc followed with a growth of 4.62 percent or 6 kobo to close at N1.36 per share, Continental Reinsurance Plc gained 4.26 percent or 4 kobo to close at 98 kobo per share, and Vitafoam Plc appreciated by 3.41 percent or 10 kobo to close at N3.03 per share.
Conversely, Wema Bank Plc led the day’s retreating stocks having dropped 4.48 percent or 3 kobo to close at 64 kobo per share, FCMB Plc lost 4.42 percent or 5 kobo to close at N1.08 per share, AIICO Insurance Plc fell 3.13 percent or 2 kobo to close at 62 kobo per share, NASCON Allied Industries Plc declined by 2.79 percent or 23 kobo to settle at N8 per share, and FBN Holdings Plc depreciated by 2.26 percent or 7 kobo to close at N3.03 per share.
The total value of stocks traded on the floors of The NSE amounted to N3.7 billion, while a total of 279.6 million shares exchanged hands in 3,255 deals.
