NSE moves 3.09bn shares worth N6.24bn

Investors on the Nigerian Stock Exchange (NSE) on Wednesday traded a total of 3.09 billion shares valued at N6.24 billion exchanged in 2,815 deals. This was against the 231.46 million shares worth N2.49 billion traded in 3,452 deals on Tuesday. The Financial Service Sector remained the toast of investors as GNI emerged the most traded in volume terms, accounting for 2.87 billion shares valued at N3.24 billion.
Zenith Bank came second with a total of 51.23 million shares worth N752.69 million, while UBA sold 39.84 million shares valued at N416.14 million. GT Bank trailed with 37.92 million shares worth N1.53 billion and investors staked N478.40 million on 25.07 million shares of FCMB. The market indicators closed positively, appreciating marginally by 0.01 per cent due to price gains sustained by some highly capitalised equities.
The market capitalisation gained N1 billion or 0.01 per cent to close at N9.691 trillion compared with N9.690 trillion recorded on Tuesday. Similarly, the All-Share Index which opened at 28,209.93 appreciated by 4.64 points or 0.01 per cent to close at 28,214.57. ConOil led the gainers’ table, growing by N3.91 to close at N42.6 per share.
MRS followed with a gain of N1.42 to close at N39.9, while Total Oil gained N1 to close at N270 per share.
PZ Cussons appreciated by 0.9k to close at N18.97 and Cadbury grew by 0.55k to close at N14.75 per share. Conversely, Guinness topped the losers’ chart, dropping by N7 to close at N93 per share. Nigerian Breweries trailed with a loss of N1.31 to close at N142.04 while Julius Berger shed 44k to close at N39 per share. Etranzact also lost 30k to close at N5.7 and GT Bank dropped 23k to close at N26.77 per share.