Nigerian stock market grows by 0.02 percent

Investors on the Nigerian Stock Exchange (NSE) on Friday traded 220.85 million shares worth N1.53 billion in 2,381 deals.

This was in contrast with a total of 380.75 million shares valued at N1.83 billion transacted in 2,954 deals on Thursday.

A breakdown of the activity indicated that Diamond Bank was the toast of investors, accounting for 85.19 million shares worth N102.22 million.

Access Bank followed on the activity chart, having sold 30.78 million shares valued at N172.63 million, while GT Bank transacted 21.22 million worth N 502.68 million.

Transcorp exchanged 11.93 million shares valued at N11.94 million and FBN Holdings recorded a turnover of 10.76 million shares worth N32.39 million.

The  market indices posted a marginal growth of 0.02 per cent.

The All-Share Index improved by 6.25 points to close at 27,861.03 points, compared to 27,854.78 points recorded on Thursday.

Similarly, the market capitalisation rose by N2 billion to close at N9.57 trillion against N9.56 trillion achieved on Thursday.


7UP recorded the highest price gain to lead the gainers’ table, garnering N5.40 to close at N159.90 per share.

Guinness inched N2.94 to close at N83 and Guaranty Trust Bank increased by 64k to close at N23.50 per share.

Oando rose by 15k to close at N5.61 per share and MRS Oil gained 10k to close at N40 per share.


On the other hand, Forte Oil, for the second consecutive day topped the losers’ chart, dropping N6.88 to close at N145.12 per share.

Lafarge Africa lost N3.10 to close at N42.50 and Cadbury dipped 82k to close at N15.67 per share.

Nigerian Breweries decreased by 50k to close at N148.70 and UACN dipped 40k to close at N20.40 per share