Home Business NSE moves 174.85m shares valued N1.05bn

NSE moves 174.85m shares valued N1.05bn

by Business News Report

The Nigerian Stock Exchange (NSE), moved 174.85 million shares worth N1.05 billion exchanged in 2,127 deals. This was against the 143.69 million shares valued N1.43 billion traded in 2,406 deals on Wednesday, an increase of 21.69 per cent. Sterling Bank was the most sought equity, accounting for 37.74 million shares worth N74.73 million traded in five deals.
Access Bank accounted for 29.38 million shares valued N136.66 million exchanged in 99 deals, while FBN Holdings sold 26.48 million shares worth N132.34 million in 296 deals.
Fidelity Bank traded 21.74 million shares valued N29.42 million transacted in 47 deals and investors staked N101.50 million on 17.68 million shares of UBN achieved in 43 deals.
An analysis of the price movement chart indicated that CAP topped the losers’ chart with a loss of N2.02 to close at N38.93 per share. Nigerian Breweries came second having lost 59k to close at N120.01, while 7UP dropped 45k to close at N183.55 per share. Oando dipped 36k to close at N6.86, while Ikeja Hotel lost 16k to close at N3.26 per share.
Consequently, the All-Share Index recorded marginal depreciation, dropping by 16.24 points or 0.06 per cent to close at 28,203.20 against 28,219.44 recorded on Wednesday.

Similarly, the market capitalisation lost N5 billion to close at N9.695 trillion compared with N9.700 trillion achieved on Wednesday.
On the other hand, PZ Industries led the gainers’ chart, growing by N1.25 to close at N26.25 per share. Cadbury followed with a gain of 95k to close at N20.05, while Ashaka Cement chalked up 60k to close at N23 per share. Port Land Paint increased by 18k to close at N3.88 and E-tranzact grew by 11k to close at N2.46 per share.

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