NSE moves 174.85m shares valued N1.05bn

The Nigerian Stock Exchange
(NSE) on Thursday moved 174.85
million shares worth N1.05 billion
exchanged in 2,127 deals.
The News Agency of Nigeria (NAN)
reports that this was against the
143.69 million shares valued N1.43
billion traded in 2,406 deals on
Wednesday, an increase of 21.69
per cent.

Sterling Bank was the most sought
equity, accounting for 37.74
million shares worth N74.73
million traded in five deals.
Access Bank accounted for 29.38
million shares valued at N136.66
million exchanged in 99 deals,
while FBN Holdings sold 26.48
million shares worth N132.34
million in 296 deals.
Fidelity Bank traded 21.74 million
shares valued at N29.42 million
transacted in 47 deals and
investors staked N101.50 million
on 17.68 million shares of UBN
achieved in 43 deals.
An analysis of the price movement
chart indicated that CAP topped
the losers’ chart with a loss of
N2.02 to close at N38.93 per share.
Nigerian Breweries came second
having lost 59k to close at
N120.01, while 7UP dropped 45k
to close at N183.55 per share.
Oando dipped 36k to close at
N6.86, while Ikeja Hotel lost 16k
to close at N3.26 per share.
Consequently, the All-Share Index
recorded marginal depreciation,
dropping by 16.24 points or 0.06
per cent to close at 28,203.20
against 28,219.44 recorded on
Wednesday.
Similarly, the market capitalisation
lost N5 billion to close at N9.695
trillion compared with N9.700
trillion achieved on Wednesday.
On the other hand, PZ Industries
led the gainers’ chart, growing by
N1.25 to close at N26.25 per share.
Cadbury followed with a gain of
95k to close at N20.05, while
Ashaka Cement chalked up 60k to
close at N23 per share.
Port Land Paint increased by 18k to close at N3.88 and E-tranzact grew by 11k to close at N2.46 per share. (NAN)

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