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NSE records marginal growth, indices appreciate by 0.06%

by Business News Report

Transactions on the Nigerian Stock Exchange recorded marginal growth on Thursday with the market indices appreciating by 0.06 per cent. The All-Share Index appreciated by 23.06 points to close at 38,885.93 against the 38,862.87 posted on Wednesday. Similarly, the market capitalisation, which opened at N12.483 trillion, grew by N7 billion to close at N12.490 trillion. Guinness led the gainers’ table, gaining N8.58 to close at N180.36 per share.

Presco came second on the gainers’ table with N2.10 to close at N44.10, while Dangote Cement inched by N2 to close at N237 per share. Unilever gained N1.68 to close at N45 while UBN rose by 34k to close at N9.20 per share. On the other hand, Flour Mills topped the losers’ chart, dropping N4.12 to close at N78.38 per share.

Oando dipped by 82k to close at N19.18, while Ashaka Cement lost 74k to close at N17.90 per share. GT Bank dropped 45k to close at N24.30, while Zenith Bank depreciated 39k to close at N20.60 per share. The volume of shares traded dropped by 45.11 per cent as investors exchanged 197.101 million shares valued at N2.10 billion in 4,228 deals. This was against the 359.064 million shares worth N3.46 billion traded in 5,815 deals on Wednesday.

The Financial Services sector remained the most active as Zenith Bank was investors‘delight with a total of 22.51 million shares valued at N463.15 million exchanged in 379 deals. UBA trailed with 20.58 million shares worth N156.36 million traded in 207 deals while Access Bank accounted for 18.39 million shares valued at N142.47 million in 198 deals. 

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