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Business & Finance

NSE Moves 365.37m Shares Worth N2.09bn

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Investors on the Nigerian Stock Exchange on Thursday traded a total of 365.37 million shares valued at N2.09 billion exchanged in 2,905 deals.

This was against the 159.05 million shares worth N1.45 billion traded in 3,237 deals on Wednesday.

The Financial Service Sector remained the toast of investors as Continsure emerged the most traded in volume terms, accounting for 195.50 million shares valued at N254.03 million.

International Breweries came second with a total of 27.31 million shares worth N546.16 million, while FCMB sold 16.55 million shares valued at N17.49 million.

Zenith Bank trailed with 14.99 million shares worth N235.55 million and investors staked N81.84 million on 14.64 million shares of Access Bank.

The market indicators closed positive appreciating marginally by 0.04 per cent due to price gains recorded by some highly capitalised equities.

The market capitalisation gained N4 billion or 0.04 per cent to close at N9.703 trillion compared with N9.699 trillion recorded on Wednesday.

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The All-Share Index which opened at 28,236.23 appreciated by 11.33 points or 0.04 per cent to close at 28,247.56

Seplat led the gainers’ table, growing by N16.5 to close at N346.5 per share.

Nestle followed with a gain of N9.82 to close at N825, while Mobil Oil gained N6.48 to close at N195 per share.

Forte Oil appreciated by N1.99 to close at N161.99 and ConOil grew by N1.7 to close at N37.7 per share.

Conversely, 7UP topped the losers’ chart, dropping by N3.5 to close at N139 per share.

Nigerian Breweries trailed with a loss of N1.57 to close at N145.43, while Glaxosmith shed 90k to close at N19.6 per share.

Ashaka Cement also lost 85k to close at N16.27 and GT Bank dropped 56k to close at N24.34 per share.


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