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Mobil, NB Plc, Guinness Lift NSE Indices by 0.63%

By Modupe Gbadeyanka

Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended on a positive note on Thursday after going down the previous day by 0.01 percent.

The bullish run was inspired by gains recorded by blue chip equities like Mobil, Nigerian Breweries and Guinness despite having more losers than gainers at the end of the trading session.

Business Post reports that a total of 15 stocks depreciated at the stock market today in contrast to 13 equities that advanced.

Mobil recorded the highest surge with a gain of N9.10k to close at N285 per share, while Nigerian Breweries followed with a rise of N4 to close at N133.99k per share.

In the same vein, Guinness progressed by N3.12k to finish at N68 per share, GTBank added 93k to end at N24.65k per share and Berger Paints progressed by 30k to wrap up by N6.38k per share.

On the opposite side, Unilever topped the losers’ table after crashing by N1.53k to finish at N29.16k per share.

Also, UACN went down by 63k to end at N12.2k per share and Dangote Sugar depressed by 19k to close at N6 per share.

In the same vein, NASCON depreciated by 15k to finish at N7.20k per share, while Access Bank also fell by 15k to close at N6.69k per share.

Our correspondent further reports that the market indices expanded by 0.63 percent with the all-share index growing by 159.32 points to end at 25,409.06 points, while the market capitalisation enlarged by N55.14 billion to finish at N8.8 trillion.

Also, the volume of shares transacted at the stock market today bloated by 28.3 million.

At the close of transactions on the floor of the NSE, investors exchanged a total of 147 million units of shares valued at N1.8 billion executed in 2,563 deals.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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