Market Indicators Climb To Close Week


At the end of transactions on the floor of Nigerian Stock Exchange (NSE) Friday, the market indicators that crashed on Wednesday and Thursday, appreciated a little to close the week’s trading on a positive note.

Specifically, market closed at 24,978.70 points, adding 1.8 per cent or 441.68 points to 24,537.02 points traded on Thursday.

Market capitalisation also went up by 1.8 per cent or N108.2 billion from N6 trillion to close higher at N6.1 trillion.

Investors traded a total of 299,981,469 shares worth N2.9 billion in 4,027 deals, compared to 183,539,797 shares, valued at N1.4 billion, which exchanged hands in 5,233 deals.

The volume of listed equities also went up by 116,441,672 shares or 63.4 per cent from 183,539,797 shares traded Thursday, to close higher at 299,981,469 shares.

Also, the value of traded equities appreciated by 107.1 per cent or N1.5 billion from N1.4 billion traded Thursday, to close higher at N2.9 billion.

NB opened and closed at N75.51 and N77.99 respectively, making N2.48 gains per share to lead the gainers chart, followed by Ashakacem, Cadbury, Dangsuger and Guaranty which made N1.06, N1, N.80 and N.78 gains per share respectively.

However, OANDO lost N.95 per share to lead the losers chart, followed by Flourmill and ETI which lost N.79 and N.72 per share respectively.

32 companies made gains in their transactions compared to only 16 companies that gained on Thursday.

Also 16 companies lost in their transactions, in contrast to 47 companies that lost on Thursday.