The positive momentum recorded on the floor of the Nigerian Stock Exchange (NSE) on Thursday continued today with the major market indicators pointing northward.
The renewed buying interest in blue-chip stocks pushed the market to a positive finish in the last minute, leaving the stock market to close the last trading day of this week with 0.32 percent rise.
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Today’s bullish performance was influenced by gains by Seplat and 27 other equities.
Seplat rose by added N2 to raise its share price to N467 per share, while CAP Plc picked N1 to finish at N34 per share.
Dangote Cement managed to chalk up 99k to close at N204.93k per share, Flour Mills garnered 78k to finish at N22.78k per share, and UACN raked 75k to settle at N17.25k per share
On the flip side, Conoil dropped N3.92k to close at N36.31k per share and PZ Cussons shed N2.14k to finish at N21 per share.
Unilever lost N1.3k to finish at N34 per share, Nigerian Breweries depreciated by N1 to close at N154 per share, while Forte Oil declined by 70k to end at N48.70k per share.
The market capitalisation, Business Post reports, increased by N36 billion to settle at N11.20 trillion, while the All-Share Index (ASI) advanced by 104.39 points to close at 32,459.17 points.
A total of 17 equities depreciated at the close of transacted on Friday compared with 28 stocks, which appreciated. In addition, the
YTD Return finished at 20.78 percent.
While the volume of shares traded today increased, the value depleted, closing at 212.4 million shares and N2.5 billion respectively.
Yesterday on the trading floor of the NSE, investors exchanged a total of 168.5 million shares in 3,536 deals valued at N3.6 billion.
Investors are upbeat that the market will stretch this upward movement to next Monday, when activities resume.
