Trading sways northward on NSE

The Nigerian equities market swayed northward on Wednesday to close on a positive note.

Specifically, the All-Share Index recorded a growth of 0.11 per cent to close at 29,193.42 compared with 29,158.57 posted on Tuesday.

Also, the market capitalisation which opened at N10.952 trillion rose by N13 billion to close at N10.965 trillion.

Dangote Cement dominated the gainers’ chart led the gainers’ table, growing by N1 to close at N186 per share.

Custodian and Allied Insurance followed with a gain of 60k to close at N6.70, while Zenith Bank gained 45k to close at N20.60 per share.

Fidson Healthcare added 20k to close at N4.25, while United Bank for Africa appreciated 15k to close at N6.30 per share.

On the other hand, Cement Company of Northern Nigeria led the laggards’ chart, shedding N1 to close at N16 per share.

Unilever also lost N1 to close at N34, while PZ lost 95k to close at N8.85 per share.

GlaxosmithKline also declined by 95k to close at N8.55 kobo, Dangote Flour down by 50k to close at N8 per share.

Similarly, the volume of shares inched by 28.77 per cent with an exchange of 481.63 million shares valued at N2.88 billion in 3,559 deals.

This was in contrast with 455.88 billion shares worth N5.26 billion achieved in 3,993 deals traded in 3,993 deals.

Transcorp was the most active stock, exchanging 174.55 million shares valued at N200.61 million.

Union Bank followed with an account of 70.61 million shares worth N416.88 million, while Sterling Bank traded 48.81 million shares valued at N123.90 million.

Access Bank sold 37.56 million shares worth N220.11 million, while Guaranty Trust Bank exchanged 22.89 million shares valued at N758.51 million.