Nigeria bourse extends positive trend, up 0.53%
The Nigerian bourse extended positive for the second consecutive day with the market capitalisation rising further by another N58 billion.
The News Agency of Nigeria (NAN) reports that the market capitalisation on Thursday rose by N58 billion or 0.53 per cent to close at N11.023 trillion compared with N10.965 trillion on Wednesday.
The All-Share which opened at 29,193.42 inched 154.20 points or 0.53 per cent to close at 29,347.62.
Guaranty Trust Bank recorded the highest gain, appreciating by 70k to close at N34.25 per share.
FBN Holdings followed with a gain of 45k to close at N7.80, Lafarge Africa increased by 45k to close at N12 per share.
GlaxosmithKline gained 40k to close at N8.95, while NEM Insurance grew by 20k to close at N2.20 per share.
Conversely, Flour Mills dominated the losers’ table, declining by 40k to close at N16.60 per share.
Eterna trailed with a loss of 35k to close at N4, while Ikeja Hotel dipped 20k to close at N1.85 per share.
Zenith Bank was down by 15k to close at N20.45, while ABC transport declined by 4k to close at 44k per share.
However, Zenith Bank emerged toast of investors’ accounting for 45.37 million shares valued at N927.74 million.
Lasaco Insurance followed with an account of 42.34 million shares worth N12.69 million, while Access Bank traded 21.65 million shares valued at N129.30 million.
FBN Holdings exchanged 17.74 million shares worth N131.39 million, while Fidelity Bank sold a total of 13.02 million shares valued at N25.32 million.
In all, the volume of shares transacted dipped by 53.49 per cent, while value of shares traded dropped by 30.21 per cent.
Consequently, a total of 224.03 million shares valued at N2.01 billion achieved in 3,127 deals.
This was in contrast with 481.63 million shares worth N2.88 billion posted in 3,559 deals on Wednesday.