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NSE market moves 266.505m shares worth N4.04b



NSE market indices sustain growth on impressive Q1 earnings

A total of 266.505 million shares valued at N4.04 billion were traded in 2,263 deals on the Nigerian Stock Exchange (NSE) on Thursday.

These were against the 239.906 million shares worth N2.93 billion traded in 4,371 deals on Wednesday.

It was reported that market capitalisation depreciated by N43 billion or 0.35 per cent to close at N12.24 trillion from N12.28 trillion recorded on Wednesday.

The All-Share Index which opened at 35,629.13 lost 124.51 basis points to close at 35,504.62.

Nigerian Breweries led the losers’ chart with a loss of N4.97 to close at N180.03 per share.

Stanbic IBTC followed, depreciating by N1.73 to close at N38.27, while Jberger dropped N1.71 to close at N32.49 per share.

Cadbury dipped by 6k to close at N11.47, while SCOA depreciated by 17k to close at N3.25 per share.

Conversely, Seplat topped the gainers’ table with N8.5 to close at N490.5 per share.

It was trailed by Total Oil, which gained N2 to close at N245 per share.

Guinness gained 5k to close at N75.5, while Dangote Cement appreciated by 48k to close at N205 and PZ Cussons rose by 41k to close at N27.3 per share.

Sovrenins was the toast of investors, trading 100.01 million shares worth N50 million.

FBNH came second, trading 26.43 million shares worth N150.50 million, while Access Bank sold 23.14 million shares valued at N223.46 million.

UBA traded 20.55 million shares worth N187.28 million, while Zenith Bank sold 10.30 million valued at N235.68 million.


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