Business
Market Index Remains Stable…As Conoil Maintains Lead
At the end of transacations at the Nigerian Stock Exchange (NSE) on Friday, a total volume of 399,141,264 million units were traded in 6,513 deals, valued at N1,907 billion.
Market capitalization and index remained stable as at Thursday with still 21,484.21 million units and N5,147 trillion, respectively.
Specifically, Conoil continued to lead the gainers chart with a total volume of 196,168 units valued at N5.975.277 million in 19 deals.
NBC followed, trading a total volume of 143,373 units, valued at N3,375 million in 25 deals. Unilever opened at 20.05 and closed at 21.05 with one per cent change.
CCNN opened market with 13.25 equities, trading a total volume of 504,196 units, valued at N6, 910 million in 20 deals.
However, the losers chart saw Longman leading, as the company opened at 9.03 and closed at 8.58 with 0.45 change. ETI, NSLTECH, INCAR, UBA, AIR SERVICE and others square up.
Activities have fully resumed at the NSE after the ceremonial break. There is an increase in the volume of shares traded and also the value of units traded.
There is a positive sign that bulls made a come back into the market, which some analysts attributed to investors who want to take advantage of the low price of some of the highly capitalised stocks.