NSE: Market index rises on bullish trading

Trading in equities continued on a bullish note on the Nigerian Stock Exchange yesterday, as more investors took position on stocks.

The All Share Index appreciated 0.14 per cent to close at 43,030.27 points, compared to the rise of 0.09 per cent recorded the preceding day to close at 42,971.56 points.

Market capitalization gained N19bn to close at N14.21trn, compared to the increase of N14bn recorded the preceding day to close at N14.19trn.

PF Microfinance Bank Plc led the gainers' table with five kobo or five per cent to close at N1.05 per share, followed by Total Plc with N8.55 or five per cent to close at N179.60 per share.

Mobil Plc added N7.00 or 4.99 per cent to close at N147.15 per share, while Ikeja Hotel Plc was up three kobo or four per cent to close at 78 kobo per share.

African Prudent Insurance Plc gained 10 kobo or three per cent to close at N3.43 per share.

Conversely, May and Baker Plc lost nine kobo or five per cent to close at N1.71 per share, while NNFM Plc shed 98 kobo or 4.96 per cent to close at N18.77 per share.

UPDC REIT Plc dropped 52 kobo or 4.97 per cent to close at N18.77 per share, while Costain West Africa Plc dipped six kobo or 4.80 per cent to close at N1.19 per share.

Air Service Plc depreciated 11 kobo or 4.70 per cent to close at 2.23 per share.

A total of 317.2 million shares valued at N3.06bn were traded in 5,098 deals.