Stock Market moves 241.37m shares in bullish trading

The Nigerian Stock Exchange (NSE) on Friday moved 241.37 million shares valued at N2.002 billion exchanged in 3,270 deals.

The News Agency of Nigeria (NAN) reports that this was against 273.06 million shares worth N2.01 billion traded in 2,794 deals.

A breakdown of the activity chart showed that FCMB Group was investors’ delight, exchanging 32.19 million shares valued at N31.83 million achieved in 175 deals.

It was trailed by Diamond Bank with a turnover of 31.93 million shares worth N57.05 million transacted in 54 deals, while Access Bank sold 29.66 million shares worth N123.01 million in 115 deals.

FBN Holdings accounted for 25.73 million shares valued N102.62 million traded in 333 deals and Zenith Bank exchanged 22.87 million shares worth N286.86 million transacted in 288 deals.

The market indices for the second consecutive day recorded further growth, increasing by 1.34 per cent due to gains by some highly capitalised equities.

The market capitalisation rose by N109 billion or 1.34 per cent to close at N8.225 trillion compared with N8.116 trillion achieved on Thursday.

Also, the All-Share Index which opened at 23,598.85 appreciated by 317.30 points or 1.34 per cent to close at 23,916.15.

Nestle led the gainers’ table, gaining N31.14 to close at N739.99 per share.

Seplat came second having gained N9.25 to close at N194.25, while Guinness increased N5.50 to close at N115.50 per share.

Cadbury rose by N1.46 to close at N19 and GT Bank inched N1.03 to close at N16.79 per share.

On the other hand, Dangote Cement topped the laggards’ chart, dropping by 49k to close at N128.91 per share.

UPL trailed with a loss of 30k to close at N5.70, while Ashaka Cement dipped 15k to close at N24.80 per share.

Caverton shed 9k to close at N1.86 and FBN Holding lost 7k to close at N3.93 per share.