Nigerian equity market sustains growth, up by 0.31 per cent

By Abimbola Fashakin, Lagos

Activities on the Nigerian equities market on Friday remained on a positive trend with the market indices appreciating further by 0.31 per cent.

The All-Share Index grew by 78.51 points or 0.31 per cent,  to close at 25,817.69, as against the 25,739.18 achieved on Thursday.

Also, the market capitalisation which opened at N8.856 trillion rose by N27 billion, to close at N8.883 trillion.

Forte Oil for the second consecutive day led the gainers’ chart, appreciating by N9.86 to close at N106.23 per share.

Nigerian Breweries followed with a gain of N2.95 to close at N145 and Okomu Oil rose by N1.99 to close at N40 per share.

7Up garnered 64k to N130 and ETI chalked up 34k to close at N9.94 per share.

On the other hand, Seplat topped the losers’ chart having lost N2.90 to close at N340 per share.

Presco dipped N2.20 to close at N41.87, while Mobil lost N2.15 to close at N305 per share.

Large Wapco dropped N2.08 to close at N38.82 and Unilever was down by N1 to close at N45 per share.

However, the volume of shares transacted closed lower as investors bought and sold 108.53 million shares valued at N1.63 billion, exchanged in 2,512 deals as against the 165.99 million shares worth N1.27 billion traded in 2,485 deals on Thursday.

Diamond Bank remained the most-traded equity with a total of 23.64 million shares worth N20.11 million.

It was followed by Transcorp with 15.13 million shares valued at N12.89 million, while Access Bank accounted for 9.82 million shares worth N52.77 million.

FCMB Group transacted 7.89 million shares valued at N8.06 million and FBN Holdings exchanged 7.39 million shares valued at N25.96 million.



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