Banking Sub-Sector Sustains Hold On Market

As investors returned to the floor of the Nigerian Stock Exchange (NSE) after a one-day public holiday, for the burial of late President Umaru Musa Yar’Adua, the banking sub-sector still sustained a firm hold on the market.

The banking sub-sector at the end of trading Friday was the most active sector after trading a total of 415,196,553 shares worth N4.75 billion in 4,764 deals.

The sector’s performance was boosted by the activities of Access Bank, First Bank, UBA and Skye Bank and GTB.

Food/Beverages and Tobacco sub-sector traded a total of 41,936,581 shares valued at N873.3 million which exchanged hands in 1,368 deals.

Another active sub-sector was insurance which traded a total of 102,594,325 shares worth N101.9 million in 616 deals.

Also, the Petroleum sub-sector traded a total of 5,335, 234 shares valued at N391.2 million which exchanged hands in 530 deals.

All share index closed the market at 27,095.20 points with market capitalisation at N6.55 trillion.

Investors grabbed a total volume of 737,827,176 shares worth N8.54 billion in 11,201 deals.

The gainers chart was led by Total which opened and closed at N195 and N204.75 respectively, gaining N9.75 per share.

Guinness, 7-Up and Cadbury followed after trading a total of 768,915,86,244 and 3,223,459 shares respectively worth N119.3, N3.84 and N85.45 millions in 88,19 and 168 deals, gaining N6.91, N2.12 and N1.3 respectively.

On the other hand, the losers chart was led by Mobil which opened and closed at N167.2 and N158.84 respectively losing N8.36 per share.