Nigerian Equity Market Ends Week Positive, Adds 0.04%

May 19, 2017
Nigerian Equity Market Ends Week Positive, Adds 0.04%

Nigerian Equity Market Ends Week Positive, Adds 0.04%

By Modupe Gbadeyanka

Transactions on the floor of the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note after the market appreciated by 0.04 percent.

At the close of trading activities at the stock market, the All-Share Index (ASI) slightly moved up by  11.75 points to end at 28,113.38 points, while the market capitalisation progressed by N4.1 billion to finish at N9.719 trillion.

The year-to-date return also slightly increased by 4.61 percent, while the market breadth closed flat today with 21 stocks appreciating in price, same as decliners.

Business Post reports that Seplat topped the gainers’ table of Friday after growing by N17.50k to close at N367.50k per share, while Lafarge rose by 50k to end at N48.50k per share.

NASCON gained 36k to finish at N8.75k per share, UBA added 28k to close at N7.29k per share, and May & Baker picked 7k to end at N1.47k per share.

Conversely, Total Plc led the losers’ chart by dropping N5 to close at N265 per share and Nigerian Breweries lost N1.28k to finish at N143.96k per share.

Flour Mill fell by 30k to end at N19 per share, UACN slumped by 25k to close at N14.90k per share, while CCNN declined by 18k to finish at N4.60k per share.

At the close of transactions on the floor of the NSE on Friday, investors traded a total of 306 million shares in 4,100 deals valued at N5.4 billion.

Modupe Gbadeyanka

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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