Trading activities on the floor of the Nigerian Stock Exchange, NSE, drove up to an impressive close for the week that ended on Friday, September 23.
As such, the All Share Index recorded a growth of 0.29 percent to close at 28,247.07 points while market capitalisation closed the day at N9.703 trillion as investors gained N27.7 billion from a loss of N16.5 billion recorded on Thursday when the market capitalisation settled at N9.675 trillion.
Trading activities showed investors’ sentiment returned positive as market breadth closed with 22 gainers to 14 losers. 7up Plc topped the day’s advancing stocks with a gain of 7.80 percent or N10.85 to close at N150 per share. Okomuoil Plc followed with a growth of 5.56 percent or N2 to close at N38 per share.
Cadbury and FCMB Plc appreciated 5 percent each or 75 kobo and 5 kobo respectively to close at N15.75 per share and N1.05 per share, while Flour Mill Nigeria Plc emerged the 5th top gainer adding 4.98 percent 0r 95 kobo to close at N20.04 per share.
Conversely, Betaglas Plc led the day’s declining stocks with a loss of 9.73 percent or N3.76 to close at N34.90 per share, followed by N Nigeria Flour Mills Plc that lost 4.96 percent or 33 kobo to close at N6.32 per share, Caverton Plc also dropped 4.55 percent or 5 kobo to close at N1.05 per share, Unity Bank Plc fell 3.95 percent or 3 kobo to close at 73 kobo per share and Champion Breweries Plc depreciated 3.85 percent or 10 kobo to close at N2.50 per share.
The day’s transactions involved 3,136 deals with the three most traded stocks as FCMB Plc with the trading of 98.8 million shares worth N99.3 million. Fidelity Bank Plc came second trading 33.5 million shares amounting to N29.6 million while Zenith Bank Plc exchanged 19.5 million shares worth N304.8 million.
Market activity as measured by Volume and Value traded, settled at 265.1 million units and N1.6 billion respectively, against 410 million units and N3.6 billion traded previously.
