Investors gain N125bn at NSE

Investors in shares at the Nigerian Stock Exchange gained N125 billion as transactions on the Nigerian Stock Exchange (NSE) on Friday remained on the upward trend with the market capitalisation appreciating by N125 billion. The value of stocks in the market rose to N6.489 trillion, up from the N6.364 trillion recorded on Thursday.
The All-Share Index, which opened with 20,193.40 points also appreciated by 398.61 points to close at 20,592.01 points. Dangote Cement recorded the highest gain to lead the gainers’ chart, appreciating by N5.25 to close at N110.25 per share. Julius Berger followed with N1.02 to close at N21.55 per share while NewGold ETF grew by N1 to close at N2, 638 per unit. Nigerian Breweries rose by 95k to close at N92.95 while NCR gained 48k to close at N10.23 per share.
On the other hand, GlaxoSmithKline topped the losers’ chart with a loss of N1.05 to close at N19.95 per share. Stanbic IBTC trailed with 19k to close at N7.20 while Dangote Sugar dropped 8k to close at N3.87 per share. Fidson also dipped by 4k to close at 87K while Gold Insurance lost 3k to close at 64k per share. Investors bought and sold a total of 377.9 million shares worth N1.7 billion exchanged in 3,854 deals,
down from a turnover of 556.2 million shares valued at N3.8 billion traded in 4,031 deals posted on Thursday.
Intercontinental Wapic Insurance emerged as the most traded stock with an exchange of 86.9 million shares worth N45.1 million traded in 25 deals. UBA trailed with a total of 85.4 million shares valued at N254.1 million exchanged in 370 deals while Fidelity Bank sold 29.04 million shares worth N40.1 million in 86 deals.