NSE market indicators record 0.36% growth

Equity transactions on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note with market indicators rebounding by 0.36 per cent.

The market capitalisation appreciated by N35 billion or 0.36 per cent to close at N9.893 trillion against N9.858 trillion achieved on Thursday.

Similarly, the All-Share Index recorded marginal gain, appreciating by 102.36 points or 0.36 per cent to close at 28,805.45 compared with 28,703.09 recorded on Thursday.

Forte Oil recorded the highest price gain to lead the gainers’ table, growing by N16.75 to close at N180.28 per share.

Lafarge Wapco came second with a gain of N5.04 to close at N66.6, while Stanbic IBTC appreciated by 51k to close at N15.5 per share.

Flour Mill increased by 31k to close at N22.3 and Zenith Bank up by 23k to close at N16.38 per share.

On the other hand, Mobil Oil topped the losers’ chart, dropping by N7.45 to close at N161.55 per share.

Glaxosmithkline trailed with a loss of 45k to close at N18.05 per share.

PZ Industries shed 4k to close at N20.6, while Guinness and Unilever dipped by 39k each to close at N97.21 and N33 per share respectively.

In spite of the growth recorded by the market indices, the volume of shares traded closed lower with an exchange of 272.53 million shares valued at N1.69 billion transacted in 4,078 deals.

NAN reports that this was in contrast with the 203.58 million shares worth N2.49 billion traded in 3,805 deals on Thursday.

Transcorp drove the turnover volume, having accounted for 41.56 million shares valued at N44.03 million.

It was followed by Zenith International Bank with a total of 28.88 million shares worth N601.31 million, while GT Bank sold 23.12 million shares valued at N482.27 million.