Market indices record 0.18% growth, as trading revises negative trend

The market indicators of the Nigerian Stock Exchange (NSE) on Thursday appreciated by 0.18 per cent revising the three-day negative trend.
The All-Share Index improved by 46.71 points or 0.18 per cent to close at 26,464.82 compared to 26,418.11 achieved on Wednesday.
Equally, the market capitalisation rose by N16 billion or 0.18 per cent to close at N9.105 trillion against N9.089 trillion recorded on Wednesday.
A breakdown of the price movement table indicated that Forte Oil led the gainers’ chart having gained N8.75 to close at N94.22 per share.
Conoil came second with N3.65 to close at N39.45, while Beta Glass garnered N2.95 to close at N31.83 per share.
Guinness chalked up N1.23 to close at N88.73 and CCNN rose by 21k to close at N4.63 per share.
On the other hand, Presco topped the losers’ table, dropping by N1.99 to close at N40.01 per share.
 
International Breweries dipped 66k to close at N17.30 and CAP lost 60k to close at N31 per share.
GT Bank dropped 14k to close at N24.66 and Honey Well lost 6k to close at N1.23 per share.
In spite of the upward trend posted by the market indices, the volume of shares traded closed lower as investors bought and sold 188.68 million shares valued at N1.39 billion transacted in 3,161 deals.
This was against a turnover of 421.18 million shares worth N10.08 billion traded in 3,937 deals on Wednesday.
The Financial Service Sector remained the most active with Diamond Bank emerging as the most traded, accounting for 35.46 million shares worth N31.92 million.
It was followed by Sterling Bank with 20.69 million shares valued at N15.69 million and FBN Holdings sold 15.55 million shares worth N54.37 million.
Transcorp exchanged 14.08 million shares valued at N12.02 million and United Capital accounted for 12.27 million shares worth N34.09 million.