Transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday, October 6, finished on a positive note for the second consecutive day.
As such, as the All-Share Index (NSE ASI) appreciated by 1.17 per cent or added 415.41 points to close at 35,773.98 basis points the highest index point in the last five trading sessions, to improve the year to date returns to 33.11 percent. Likewise. market capitalisation also grew N143 billion to close the day at N12.314 trillion.
Market breadth ended positively with 31 gainers paired against 14 losers. Linkage Assurance Plc sat atop the gainer’s chart by a growth of 8.70 percent to close at 75 kobo per share, Presco was second on the list with a gain of 5 per cent to close at N61.95 per share and Dangote Flour added 4.73 per cent to close at N6.64 per share.
Cadbury was the day’s biggest loser dropping 5 percent to close at N10.26 per share. MRS was next with a decline of 4.97 percent to close at N28.88 and Continental Re-Insurance dropped 4.90 percent to close at N1.36 per share.
Mobil was the fourth top loser for the day with a depreciation of 4.87per cent in its share price that closed at N161.72 and Law Union ended the day 4.30 per cent lower to close at 89 kobo per share.
Skye Bank emerged the most active stock to boost turnover as it exchanged 94.3 million shares for N48.1 million. UBA was next with the sale of 35.7 million shares valued at N321.4 million and Transcorp sold 26.04 million units at N34.9 million shares
At the end of trading, market turnover increased by 82.36 percent to 317.4 million shares compared to a decline of 72.56 percent recorded in the previous session, while tThe value of shares traded in 3,327 deals amounted to N2.853 billion as against N2.720billion recorded in prior session.
