NSE indices record a growth of 0.57%

The Nigerian equity market on Thursday consolidated on its upward rally for the sixth consecutive day in a row with the market indicators appreciating by 0.57 per cent .

The  All-Share Index gained 151.37 points or 0.57 per cent to close at 26,559.01 compared to 26,407.64 posted on Wednesday.

Similarly, the market capitalisation rose by N52.07 billion, representing a growth of 0.57 per cent to close at N9.138 trillion against N9.086 trillion achieved on Wednesday.

The  upturn was largely boosted by value appreciation recorded in some medium and large capitalised stocks, which included Seplat, Guinness, Zenith Bank and ETI, among others.

Seplat for the third consecutive day led the gainers’ chart with a gain N10 to close at N410 per share.

Guinness came second with N2 to close at N77.60 and Guaranty Trust Bank improved by N1.09 to close at N25.60 per share.

ETI increased by 53k to close at N11.15, while Stanbic IBTC chalked up 51k to close at N15.01 per share.

On the other hand, Mobil recorded the highest loss to lead the losers’ table, dropping by N14.95 to close at N284.05 per share.

Total lost N12.77 to close at N277.13 and Nigerian Breweries dipped N1.05 to close at N142 per share.

Okomu Oil shed 39k to close at N40.13, while Forte Oil dropped 32k to close at N128.78 per share.

International Energy Insurance emerged the most traded equity with a turnover of 37.84 million shares worth N18.92 million.

UBA followed on the activity chart with 29.63 million shares valued at N131.56 million, while FBN Holdings sold 24.05 million shares worth N85.43 million.

Zenith Bank accounted for 20.75 million valued at N304.98 million and FCMB Group traded 13.19 million shares worth N14.81 million.

NAN also reports that the total volume of shares bought and sold by investors closed lower with a total of 199.98 million shares valued at N1.50 billion achieved in 3,313 deals.

This was in contrast with a turnover of 205.40 million shares worth N4.28 billion exchanged in 3,275 deals on Wednesday.