Home Sectors BUSINESS & ECONOMY Stock Market Trading Ends Upbeat As Index Gains 0.64%

Stock Market Trading Ends Upbeat As Index Gains 0.64%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, bounced back into the Green Zone on Thursday, March 31.

The All-Share Index closed higher at 25,306.22 indicating an increase of 160.94 points or 0.64 per cent compared with 25,145.28 recorded on Wednesday, March 30.

Total led the gainers’ table, appreciating by N7.32 to close at N153.82 per share. Mobil Oil followed with N5.99 to close at N161.99, while Dangote Cement inched N3.75 to close at N167.80 per share.

Julius Berger improved by N3.30 to close at N44.80 and 7UP gained N2 to close at N155 per share.

On the other hand, Seplat for the second consecutive days, led the losers’ chart, dropping by N10 to close at N300 per share. Lafarge Africa lost N2 to close at N77, while Okomu Oil dipped N1.57 to close at N29.85 per share.

Guinness lost N1.25 to close at N104.50 and Unilever dropped 25k to close at N29 per share.

An analysis of the activity chart showed that FCMB Group emerged the most traded stock, accounting for 44.39 million shares valued at N38.09 million.

Fidelity Bank sold 34.85 million shares worth N46.24 million and Sterling Bank traded 32.43 million shares valued at N52.50 million.

GT Bank trailed with an exchange of 30.75 million shares worth N442.24 million, while FBN Group recorded 19.77 million shares valued at N61.01 million.

In all, investors staked N1.94 billion on 264.04 million shares traded in 3,298 deals against 504.21 million shares worth N2.14 billion transacted in 3,374 deals on Wednesday. (NAN)

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