Market indices of the Nigerian Stock Exchange (NSE) on Thursday recorded marginal growth of 0.23 per cent, reversing the three-day downward trend.
The market capitalisation improved by N22 billion or 0.23 per cent to close at N9.531 trillion, as against the N9.509 trillion posted on Wednesday. Also, the All-Share Index which opened at 27,687.80 recorded a marginal growth of 63.74 points or 0.23 per cent to close at 27,751.34, amid gains by some blue chips. An analysis of the price movement chart indicated that total led the gainers’ table, growing by N16.60 to close at N222.60 per share.
Mobil followed with a gain of N8.10 to close at N170.10 and Nigerian Breweries appreciated by N2.45 to close at N135 per share. Guinness grew by N1.01 to close at N95 and Lafarge Africa increased by 60k to close at N51.60 per share. Conversely, International Breweries recorded the highest price loss to lead the losers’ table, shedding 96k to close at N18.36 per share. Flour Mills trailed with a loss of 43k to close at N20 and Forte Oil declined by 40k to close at N166.82 per share.
Guaranty Trust Bank dipped 18k to close at N23.88, while Union Bank of Nigeria also shed 18k to close at N4 per share. FBN Holdings was the investors’ delight, accounting for 30.75 million shares worth N101.85 million. It was trailed by Fidelity Bank having sold 23.12 million valued at N24.47 million, while GT Bank traded 14.15 million shares worth N340.59 million. Transcorp exchanged 10.39 million shares valued at N12.50, while United Capital sold N9.33 million worth N23.17 million.
despite the marginal growth by market indices, the volume of shares traded closed lower as investors staked N1.58 billion on the 185.78 million shares exchanged in 3,320 deals.
This was against a total of 301.15 million shares worth N2.34 billion transacted in 3,681 deals on Wednesday.