ADVERTISEMENT

Bulls persist on NSE, All-Share cross 41,000 mark

The bulls maintained leadership position on the Nigerian Stock Exchange (NSE) on Friday with the All-Share Index crossing 41,000 mark due to gains by bluechips.

Traders take a break at the trading floor of the Nigerian Stock Exchange in Lagos, Nigeria February 10, 2016. REUTERS/Akintunde Akinleye

Also, the market capitalisation inched higher by N112 billion or 0.52 per cent to close at N21.530 trillion against N21.418 trillion recorded on Thursday.

An analysis of the price movement shows that Flour Mills led the gainers’ table, gaining N2.80 to close at N32.80 per share.

MTN Nigeria Communications followed with N2 to close at N170, while Presco also gained N2 to close at N74 per share.

ADVERTISEMENT

Nigerian Breweries added N1.95 to close at N60, while UACN increased by 75k to close at N8.25 per share.

Conversely, Ardova topped the losers’ chart, dropping by N2.15 to close at N19.70 per share.

May and Baker trailed with 22k to close at N3.63, while Zenith Bank lost 10k to close at N26.30 per share.

Unilever was down by 5k to close at N13.45, while Sterling Bank dipped 4k to close at N2 per share.

Further analysis of the activity chart indicates that Japaul Gold was the most active stock, accounting for 115.83 million shares worth N174.90 million.

ADVERTISEMENT

Access Bank followed with account of 47.97 million shares valued at N461.74 million, while Mutual Benefits Insurance sold 42.58 million shares worth N17.88 million.

Guaranty Trust Bank trailed with a turnover of 38.62 million shares valued at N1.28 billion, while United Bank for Africa traded 37.31 million shares worth N341.93 million.

In all, investors traded 666.61 million shares valued at N6.39 billion in 6,980 deals.

This was lower when compared with 809.36 million shares worth N8.91 billion achieved in 6,706 deals on Thursday.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Undersea cable cuts crisis is over — voice, data services are restored

Undersea cable cuts crisis is over — voice, data services are restored

Apple's next iPhone may come with Google's Gemini AI engine

Apple's next iPhone may come with Google's Gemini AI engine

10 worst countries for workers — Nigeria is not one of them

10 worst countries for workers — Nigeria is not one of them

Lontor's commitment to quality shines through with J-Series Air Conditioner

Lontor's commitment to quality shines through with J-Series Air Conditioner

'I share 1 egg between 2 kids' - Nigerians unhappy with current price of eggs

'I share 1 egg between 2 kids' - Nigerians unhappy with current price of eggs

Xiaomi's 2024 Innovation Wave: Introducing Redmi Note 13 Series & Redmi A3

Xiaomi's 2024 Innovation Wave: Introducing Redmi Note 13 Series & Redmi A3

These 15 countries have banned TikTok over cybersecurity concerns

These 15 countries have banned TikTok over cybersecurity concerns

ALX empowers female entrepreneurs for International Women's Day

ALX empowers female entrepreneurs for International Women's Day

Nations impacted by regional internet outage

Nations impacted by regional internet outage

ADVERTISEMENT
ADVERTISEMENT