NSE: Equity trading closes upbeat, market indicators up by 0.01%

Transactions on the Nigerian Stock Exchange (NSE) on Thursday closed on a positive note with some blue chips recording price gains.

Our correspondent reports that Presco topped the gainers’ chat, gaining N6 to close at N68 per share.

Nascon came second on the gainers’ chart with N1.8 to close at N20 per share.

GTBank rose by 0.9k to close at N36.9, while Cileasing gained 0.72k to close at N7.99 per share.

UACN also appreciated by 0.2k to close at N8 per share.

Consequently, the NSE All-Share appreciated marginally by 4.05 points or 0.01 per cent to close at 30,833.50 in contrast to the 30, 829.45 achieved on Wednesday.

Also, the market capitalisation, which opened at N11.592 trillion, rose marginally by N1 billion or 0.01 per cent to close at N11.593 trillion.

On the other hand, CCNN led the losers’ table, dropping N1 to close at N19 per share.

Dangote Flour, UBN and PZ Cussons followed with a loss of 0.5k each to close at N10.5, N6.6 and N9.5 per share respectively.

Cadbury lost 0.3k to close at N10.9 per share.

In all, a total of 1.918 billion shares valued at N2.803 billion were exchanged in 2,807 deals.

It was reported that this was against a turnover of 131.430 million shares worth N1.40 billion achieved in 2,786 deals on Wednesday.

Wema Bank emerged the most traded stock, accounting for 1.70 billion shares valued N1.28 billion.

It was trailed by Charms, which sold 99.53 million shares worth N19.91 million, while UBA accounted for 17.38 million shares valued at N133.96 million.

Sterling Bank traded 13.13 million shares worth N31.39 million, while investors in Zenith Bank staked N207.38 million on 9.52 million shares.