All-Share Index rises by 0.24 per cent at NSE

Transactions on the Nigerian Stock Exchange (NSE) ended on a positive trend as the All-Share Index (ASI) rose by 0.24 per cent. The ASI appreciated by 96.75 basis points or 0.24 per cent to close at 39,408.33 as against the 39,311.60 achieved on Thursday. The appreciation was due to price gains recorded by some highly capitalised equities.

Larfarge Wapco led on the gainers’ table by N1.98 to close at N111.99.

Okomu Oil followed with a gain of N1.78 to close at N37.80 while PZ Cussons gained N1.67 to close at N35.12 per share. Total garnered N1.50 to close at N164, while Stanbic IBTC grew by N1.03 to close at N22.39 per share. On the contrary, Nestle recorded the highest price loss of N38.90 to close at N1,111 per share.

Seplat trailed with a loss of N33.33 to close at N633.46, while UBA lost 30k to close at N6.75 per share. Red Star Express depreciated by 15k to close at N4.06, while National Salt dropped N4.06 to close at N11.40 per share. Market capitalisation, which opened at N12.928 trillion also declined by N98 billion to closed at N12.830 trillion.

FBN Holdings emerged the most traded with an exchange of 149.22 million shares valued N1.87 billion.

It was followed by Skye Bank, which accounted for 33.72 million shares worth N117.15 million, while GT Bank sold 24.75 million shares worth N679.14 million. UBA traded 24.49 million shares valued N166.02 million, while Transcorp exchanged 18.77 million shares worth N70.33 million. In all, investors staked N4.96 billion on 372.43 million shares transacted in 4,984 deals as against 788.93 million shares worth N5.69 billion achieved in 4,385 deals on Thursday.