Dipo Olowookere
By Dipo Olowookere
Transactions on the Nigerian Stock Exchange (NSE) closed positive on Friday with the local bourse sustaining its upward movement by 0.17 percent.
Yesterday, there was a significant rise in the volume and value of equities traded by investors on the floor of the NSE as a result of activities around Access Bank stock.
The counter sold 1.2 billion units worth N15.5 billion, pushing the total volume of shares transacted by 167.33 percent, while the value increased by 480.66 percent.
A total of 1.5 billion shares exchanged hands on Friday in 4,599 deals worth N19.7 billion compared with 574.8 million stocks traded for N3.4 billion in 4,340 deals on Thursday.
At the close of business yesterday, the Financial Services sector led the activity chart with 1.4 billion shares exchanged for N17.8 billion, while the Consumer Goods sector followed with 80.2 million equities sold for N1.7 billion.
Business Post reports that the All-Share Index (ASI) appreciated yesterday by 75.24 points to settle at 43,167.86 points, while the market capitalisation advanced by N27.8 billion to finish at N15.508 trillion.
On the price movement chart, Nestle topped the gainers’ log after increasing by N6 to finish at N1381 per share.
It was followed by Nigerian Breweries, which improved by N3 to close at N129.5 0k per share, and Dangote Cement, which also appreciated by N3 to end at N265 per share.
Lafarge grew by N1.80k to settle at N53 per share, while Total Plc also added N1.80k to its share value to close at N242 per share.
At the other end, Unilever emerged the biggest price loser after going down by N2.40k to finish at N62.20k per share.
GTBank depreciated by N1.30k to close at N47.70k per share, while Stanbic IBTC declined by 85k to end at N48.50k per share.
Forte Oil shed 80k yesterday to settle at N44 per share, while NASCON went down by 65k to finish at N23.90k per share.
