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NSE Index Grows By 0.02% Friday


By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) bounced back on Friday from a back-to-back loss to finish the week on a high note.

The capital market chalked up N2.147 billion, leaving the market capitalisation at N9.569 trillion at the close of trading today compared to N9.567 trillion it finished the previous day.

In the same vein, the all-share index grew by 6.25 points or 0.02 percent to close at 27,861.03 points on Friday against 27,854.78 it ended on Thursday.

At the market today, a total of 220.851 million shares were exchanged in 2,381 deals valued at N1.533 billion in contrast to the 380.754 million units of shares traded in 2.954 deals worth N1.833 billion recorded on Thursday.

Diamond Bank shares recorded the highest sale with 85.187 million units valued at N102.216 million sold at the market, while Access Bank followed with a 30.781 million shares at N172.629 million exchanged.

The gainers’ chart today was led by 7up with a growth of N5.40k to close at N159.90k per share, while Guinness gained N2.94k to end at N83 per share and GTBank added N64k to finish at N23.50k per share.

Oando appreciated by 15k to finish at N5.31k per share and MRS rose by 10k to close N40 per share.

On the losers’ chart, Forte Oil sat comfortably after losing N6.88k to close by N145.12k per share and was trailed by WAPCO, which lost N3.10k to finish at N42.50k per share.

Cadbury shed 82k to end at N15.67k per share, Nigerian Breweries slumped by 50k to close by N148.70k per share, while wrapped up the top five losers declining by 40k to close at N20.40k per share.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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