Transactions in NSE ends in positive trend
Transactions on the Nigerian Stock Exchange (NSE) ended on a positive trend on Thursday as the market indicators appreciated further by 0.31 per cent.
The appreciation was a result of recorded growth by highly capitalised companies.
The market capitalisation rose by N42 billion or 0.31 per cent to close higher at N13.361 trillion as against N13.319 trillion achieved on Wednesday.
Also, the All-Share Index, which opened at 41,611.15, appreciated further by 129.62 points or 0.31 per cent to close at 41,740.77.
TOTAL Nig Plc topped the gainers’ chart by N2.96 to close at N180 per share.
It was followed by Nigerian Breweries with a gain of N1.19 to close at N165.99, while Zenith Bank gained 99k to close at N25 per share.
Betaglas increased by 76k to close atN16.03, while PZ Cusson grew by 72k to close at N37.72 per share.
On the other hand, Julius Berger led the losers’ chart by N1.18 to close at N67.50 per share.
Forte Oil followed by 80k to close at N86, while International Breweries decreased by 50k to close at N29.50 per share.
Oando dropped 30k to close at N26.70, while Berger dipped by 27k to close at N8.73 per share.
A breakdown of the activity chart indicated that IHS emerged investors’ delight, accounting for 29.50 million shares worth N88.84 million.
It was trailed by Zenith Bank, which sold 26.06 million shares worth N636.94 million, while FBNH sold 24.24 million shares valued at N387.85 million.
Transcorp accounted for 23.82million shares worth N96.26 million, while NEM traded 23.80 million shares worth N19.37 million.
In all, 347.951 million shares worth N3.91 billion were traded in 6,462 deals.
This was against the 322.103 million shares valued at N5.58 billion achieved in 6,507 deals on Wednesday.