Nigeria Capital Market Recovers, Gains 1.87%
The Nigerian Stock Exchange (NSE) has closed trading activities for the week on a positive note with the market capitalisation rebounding by 236 billion naira or 1.87 per cent to close on Friday at N12,874 trillion, compared to Thursday’s closing of 12,638 trillion Naira.
Similarly, the All-Share Index which had closed on Thursday at 34,618.43 basis points, gained 647.86 basis points or 1.87 per cent to close at 35,266.29 basis points.
Although the 374 million shares traded on Friday was 138 or 0.57 per cent higher than the 238 million shares traded the previous day, the value of the traded stocks depreciated.
On Thursday, the traded shares were valued at N309 billion, while the value of Friday’s traded stocks stood at 272 billion Naira, a decline of 37 million naira or 0.12 per cent.
Also, 2,8750 deals were completed on Friday, 287 deals or 0.09 per cent less than the 3,162.00 deals that were sealed on Thursday.
TOP THREE TRADES
NEM Insurance Plc was the most traded stock with 130 million shares worth N521million traded.
It was followed by AXA Mansard Insurance Plc with 94 million shares valued at N241 million traded, while Transnational Corporation of Nigeria Plc followed with 17 million shares worth N20 million sold.
At the end of Friday’s activities, 17 stocks appreciated, 24 depreciated, and 129 stocks retained their prices.
Airline Services and Logistics Plc led the gainers’ table after it appreciated by 40 kobo or 9.88 percent to close at N4.45 kobo per share – from an opening price of N4.05 kobo per share
UnityKapital Assurance Plc rose by two kobo or 8.33 percent from 24 kobo per share to close at 0.26 kobo per share, while Japaul Oil and Maritime Services Plc appreciated by 7.69 per cent or two kobo to close at 28 kobo, up from 26 kobo per share.
On the reverse side, Law Union & Rock Plc led losers after it declined by nine kobo or 10 percent from 90 kobo to close at 81 kobo per share.
Unity Bank Nigeria Plc also declined nine kobo or 10 percent to close at 81 kobo per share.
Also, Mutual Benefits Assurance Plc which opened at 33 kobo per share fell by three kobo or 9.09 percent to close at 30 kobo per share.