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Nigerian equity market records 0.29% growth

Ola Simeon by Ola Simeon
September 23, 2016
in Business, News
0
NSE: Market capitalisation loses N40bn

NSE: Market capitalisation loses N40bn

Activities on the Nigerian Stock Exchange (NSE) on Friday ended on a positive note with market indicators rebounding by 0.29 per cent.
The All-Share Index recorded marginal gain, appreciating by 80.65 points or 0.29 per cent to close at 28,247.07 compared with 28,166.42 recorded on Thursday.
Similarly, market capitalisation rose by N28 billion or 0.29 per cent to close at N9.703 trillion against N9.675 trillion achieved on Thursday.
Total Oil sustained its leading position on the gainers’ table, growing by N11.5 to close at N295 per share, while 7UP came second with gain of N10.85 to close at N150 and Dangote Cement appreciated by N2.03 to close at N182.03 per share.
OkomuOil increased by N2 to close at N38, while FlourMill rose by 95k to close at N20.04 per share.

On the other hand, Betaglas topped the losers’ chart, dropping by N3.76 to close at N34.9 per share, while GTBank trailed with a loss of 74k
to close at N25.09 and NNFM shed 33k to close at N6.32 per share.

Zenith Bank dipped by 19k to close at N15.6 and Dangote Flour dropped 13k to close at N3.73 per share.

In all, the volume of traded shares decreased as an exchange of 265.07 million shares valued at N1.56 billion were transacted in 3,136 deals.

This is in contrast with 410.10 million shares worth N3.62 billion traded in 4,179 deals on Thursday.

FCMB drove the turnover volume, having accounted for 98.79 million shares valued at N99.27 million.

It was followed by Fidelity Bank with a total of 233.51 million shares worth N20.59 million and Zenith Bank sold 19.49 million shares valued at N304.81 million.

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