NSE closes with 0.04 percent gain

Salamatu Ejembi, Lagos

Executive members of FIDA performing the closing formalities at the Nigeria Stock Exchange (NSE) in Lagos.

The Nigerian stock exchange has closed for the weekend break on a bit of a positive note.

The NSE market capitalisation closed at 9.719 trillion Naira on Friday, gaining 4 billion Naira or 0.04 per cent when compared with Thursday’s close of 9.715 trillion Naira.

Likewise the All Share Index gained 0.04 per cent or 11.75 basis points to close at 28,113.38 basis points compared with Thursday’s close of 28,101.63 basis points.

Investors traded a total of 306 million shares worth 5.399 billion Naira in 4,100 deals.

Twenty-two stocks appreciated after the close of activities today, 21 depreciated while other stocks remained unchanged.

GAINERS

Law Union and Rock Insurance plc led the gainers by 5 per cent or 4 kobo when it closed at 0.84 kobo per share, compared to previous closing price of 0.80 kobo per share.

May and Baker Nigeria Plc followed also with 5 per cent or 7 kobo gain to close at N1.47 per share as against previous closing price of N1.40 per share.

Seplat Petroleum Development Company Ltd likewise had a 5 per cent or N17.50 gain when it closed at N367.50 per share when compared to Thursday’s closing price of N350 per share.

LOSERS

Unity Bank Plc led the losers’ pack with 3 kobo or 4.84 per cent loss when it closed at 0.59 kobo per share as against Thursday’sclosing price of 0.62 kobo per share.

Diamond Bank Plc on the other hand lost by 4 kobo or 4.30 per cent to close at 89 kobo per share as against Thursday’s closing price of 93 kobo per share.

While Sterling Bank Plc fell by 3 kobo or 3.95 per cent to close at 73 kobo per share as against yesterday’s closing price of 76 kobo per share.

Meanwhile, the NSE today hosted the Executives from the International Federation of Women Lawyers, Nigeria to sound the closing gong.

Present at the event were the following executives; Ex-officio, International Federation of Women Lawyers (FIDA), Hauwa Shekarau; FIDA International Secretary, Ezinwa Okoroafor; Country Vice-President/National President, Inime I. Aguma; National Secretary, Rhoda Tyoden-Moore; National Publicity Secretary, FIDA, Princess F. Frank-Chukwuani and Lagos Chairperson, FIDA (Nigeria), Ngozi Ogbolu.

Female staff of the NSE who hosted the FIDA executives where; Acting Head, Corporate Services Division, NSE, Pai Gamde; General Counsel and Head of Regulation, NSE, Tinuade Awe and Head, Tips and Complaints Management Unit, NSE, Esohe Akpata.