NSE: Equity market remains bullish, grows N229bn


Transactions on the floor of Nigerian Stock Exchanged on Thursday
sustained growth profile, appreciating by N229 billion.

Specifically, market capitalisation of listed equities increased by
1.99 per cent  to N11.722 trillion from N11.493 trillion reported on

The NSE All Share Index appreciated by 611.69 basis points to 31433.49
points from 30821.80 points traded the previous day.
Investors traded 436.748 million shares worth N5.880 billion in 4047
deals against 359.091 million shares cost N4.828 billion in 3319

The trading result indicated that Nestle Nigeria Plc led gainers
table, growing by N10.00 to close at N1470.00, Guaranty Trust Bank
followed with a gain of N3.30 kobo to close N38.00, Forte Oil gained
N2.70 kobo to close at N29.70 kobo, Dangote Cement industries
appreciated by N2.00 to close at N190.00, Zenith Bank Plc added N1.65
kobo to close at N24.45 kobo.

Conversely, Conoil Plc recorded the highest loss during the day,
shedding N0.25 kobo to close N23.00, NEM Insurance Plc trailed with a
loss of N0.15 kobo to close N2.30 kobo, Learn Africa fell by N0.10
kobo to close at N1.40 kobo, Trans Express down by N0.06 kobo to close
at N0.60 kobo, Cutix Plc dropped by N0.05 kobo to close at N1.90 kobo.

A further review of the investment showed that United Bank for Africa
was investors delight exchanging 136.502 million shares worth N987.075
million, Zenith Bank Plc followed with account of 63.434 million
shares worth 1.485 billion, Access Bank Plc traded 44.434 million
shares valued at N277.870 million, FBNHoldings sold 31.486 million
shares cost N236.264 million while Guaranty Trust Bank exchanged
31.448 million shares valued at N1.148 billion.


Please enter your comment!
Please enter your name here