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Investors trade 378.19 shares worth N6.26bn on NSE

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NSE market indices sustain growth on impressive Q1 earnings

Investors traded 378.19 million shares, valued at N6.26 billion in 4,780 deals on the Nigerian Stock Exchange (NSE) on Thursday.

It was reported that this is in contrast with a turnover of 350.98 million shares worth N4.60 billion in 5,020 deals on Wednesday.

Analysis of the activity chart indicated that Guaranty Trust Bank was the most active stock, trading 63.50 million shares worth N2.79 billion.

Diamond Bank followed with account of 59.69 million shares, valued at N116.82 million, while FBN Holdings exchanged 42.76 million, shares worth N515.10 million.

C &I Leasing traded 27.78 million shares, valued at N35.34 million, while Transcorp sold 20.36 million shares worth N35.02 million.

It was reported that Okomuoil led the gainers’ table, growing by N3.65 to close at N77.15 per share.

Nigerian Breweries came second with N2.20 to close at N127, while Unilever increased by N1.90 to close at N54.90 per share.

Flour Mills added N1.10 to close at N35.20, while Oando added 45k to close at N9.15 per share.

The market capitalisation rose by N49 billion or 0.33 per cent to close at N14.770 trillion against N14.721 trillion achieved on Wednesday.

However, the All-Share Index which opened at 40,755.73 lost 2.9 points or 0.01 per cent to close at 40,752.83.

On the other hand, Mobil Oil recorded the highest loss to lead the losers’ chart, dropping by N2 to close at N170 per share.

NASCON trailed with a loss of 55k to close at N20.25, while FBN Holdings depreciated by 45k to close at N11.75 per share.

Lafarge Africa was down by 40k to close at N42, while Dangote Flour shed 20k to close at N14 per share.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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