Nigerian Stock Exchange Trades 148.45m Shares

Forex Market
  • Nigerian Stock Exchange Trades 148.45m Shares

The Nigerian Stock Exchange (NSE) on Friday moved a turnover of 148.45 million shares worth N1.08 billion exchanged by investors in 2,073 deals, a decrease of 4.59 per cent.

This was against the 155.59 million shares valued at N1.76 billion traded in 2,648 deals on Thursday.

Fidelity Bank was the toast of investors, having accounted for 20.37 million shares worth N17.49 million.

It was trailed by Transcorp with a turnover of 17. 80 million shares worth N17.79 million, while Access Bank sold 15.49 million shares valued at N87.76 million.

FCMB Group accounted for 14.79 million shares worth N16.06 million and Skye Bank transacted 14.78 million valued at N8.96 million.

Also, the NSE market indices appreciated further by 0.21 per cent with the All-Share Index improving by 57.43 points to close at 27,294.21 compared with 27,236.78 posted on Thursday.

The market capitalisation increased by N20 billion or 0.21 per cent to close at N9.375 trillion against N9.355 trillion achieved on Thursday.

NAN reports that Total led the gainers’ table with a gain of N10.27 to close at N329.99 per share.

Seplat followed with N5 to close at N380, while Forte Oil garnered N2.57 to close at N120.02 per share.

Presco rose by N1.55 to close at N43.85 and Lafarge Africa improved by N1.38 to close at N50 per share.

On the other hand, Nestle topped the losers’ chart, dropping N6.95 to close at N791 per share.

7Up lost N1.10 to close at N158.80 and Dangote Sugar dipped 25k to close at N6.25 per share.

Guaranty Trust Bank dropped by 15k to close at N23.85 and Glaxosmithkline lost 11k to close at N14.92 per share.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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