NSE Index Closes Green as 14 Equities Gain N31.33k

By Modupe Gbadeyanka

Equity market in Nigeria finished the week positive on Friday with the major market indicators pointing to the green zone, Business Post reports.

The lead indicator, the all-share index, closed at 26,328.22 points after adding 38.27 points and growing by 0.15 percent, while the market capitalisation advanced by N13.2 billion to end at N9.05 trillion.

Also, the volume of shares traded on the floor of the Nigerian Stock Exchange (NSE) relatively improved today with investors exchanging a total of 237.8 million units in 2,725 deals worth N2.2 billion compared with the 146.5 million units transacted the previous day in 3,013 deals at N1.2 billion.

A total of 14 stocks gained at the market on Friday and then topped by Total, Nestle, 7up, Zenith Bank and Stanbic IBTC; while 22 equities crashed and were led by Guinness, Mobil, Nigerian Breweries, NASCON and Access Bank.

Business Post further reports that Total gained N13.96k to close at NN298.96k per share, while Nestle appreciated by N10 to end at N750 per share.

Similarly, 7up progressed by N5.70k to finish at N108 per share, Zenith Bank improved by 50k to end at N16 per share and Stanbic IBTC went up by 48k to finish at N17.48k per share.

Conversely, Guinness lost N1.65k to close at N64.90k per share, Mobil fell by 66k to finish at N264.56k per share and Nigerian Breweries slumped by 47k to end at N142.3k per share.

In the same vein, NASCON crashed by 40k to close at N7.83k per share, while Access Bank depreciated by 22k to finish at N6.73k per share.