NSE: Equity Transactions Close Positive, Market Indicators Up by 0.85%

Equity transactions on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note, as market capitalisation appreciated by 0.85 per cent as a result of price gains recorded by some major blue chips.

The News Agency of Nigeria (NAN) reports that market capitalisation rose by N103 billion or 0.85 per cent to close at N12.233 trillion against the N12.130 trillion recorded on Thursday.

The All-Share Index also increased by 0.85 per cent or 299.84 points to close higher at 35,488.81 from the 35,188.97 posted on Thursday.

NAN also reports that Nestle led the gainers’ chart, chalking up N4.95 to close at N1230 per share.

Dangote Cement appreciated by N3 to close at N213, while Unilever rose by N2.1 to close at N44.1 per share.

Lafarge Wapco share price rose by N2 to close at N51.48, while PZ Cussons gained N1.2 to close at N25.22 per share.

On the other hand, Nigerian Breweries topped the losers’ table, dropping N1.99 to close at N171.01 per share.

Julius Berger trailed with a loss of N1.54 to close at N29.33, while International Breweries depreciated by N1.4 to close at N37.55 per share.

Presco dropped 94k to close at N57.06, while NRC lost 34k to close at N6.63 per share.

GTBank maintained its position and remained the toast of investors, accounting for 39.76 million shares worth N1.55 billion.

Jaizbank came second on the activity chart with 46.31 million shares valued at N25.42 million, while Access Bank sold 23.39 million shares worth N225.80 million.

FCMB traded 14.45 million shares valued at N14.69 million, while Zenith Bank sold 7.58 million shares worth N167.98 million.

However, the volume of shares traded depreciated by 55.22 per cent as 192.20 million shares worth N3.68 billion were traded in 2,814 deals“ compared with the 429.22 million shares valued at N8.68 billion traded in 3,271 deals on Thursday”.

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