NSE turnover appreciates by 97% in bullish trading


The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday appreciated by 97.56 per cent as investors staked N5.11 billion on 378.19 million shares in 4,516 deals.

The turnover was higher when compared with 191.43 million shares worth N2.18 billion exchanged in 3,718 deals on Thursday.

A breakdown of the activity chart indicated that Access Bank was the toast of investors, accounting for 115.82 million shares valued at N1.15 billion.

Zenith Bank came second with an exchange of 39.43 million shares worth N888. 37 million, while UBA sold 36.56 million shares valued at N32 8.2 million.

Guaranty Trust Bank transacted 27.62 million shares worth N1.03 billion and Skye Bank exchanged 20.03 million shares valued at N14.81 million.

Similarly, the market indicators remained upbeat, appreciating by 0.96 per cent, as a result of gains posted by some blue chips.

Specifically, the All-Share Index rose by 324.44 points or 0.96 per cent to close at 34,020.27 against 33,695.83 achieved on Thursday.

Also, the market capitalisation which opened at N11.613 trillion inched N112 billion equivalent of 0.96 per cent to close at N11.725 trillion.

Lafarge Africa recorded the highest price gain to lead the gainers’ table, growing by N5.40 to close at N60 per share.

Dangote Cement rose by N3 to close at N212 and Zenith Bank chalked up 90k to close at N22.95 per share.

Total chalked up 88k to close at N256.99, while PZ industries grew by 75k to close at N22 per share.

Conversely, Nestle led the losers’ chart with a loss of N2 to close at N918 per share.

Nigerian Breweries lost N1.35 to close at N159 and Berger Paint dipped 35k to close at N6.77 per share.

Presco dropped 32k to close at N61, while Union Bank of Nigeria shed 17k to close at N5.30 per share.


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