Market capitalisation rises by N5bn

Activities on the Nigerian Stock Exchange continued on a positive note on the last trading day of the week.

At the close of trading, the NSE’s All-Share Index rose by 0.04 per cent or 13.39 basis points from 36,563.89 points to 36,577.28 points.

Similarly, the market capitalisation of the listed equities increased by 0.04 per cent or N5bn to N11.583tn up from N11.579tn recorded the preceding day.

The NSE-30 Index and Consumer Goods Index rose by 0.3 per cent and 0.6 per cent to close at 1,714.54 points and 1,029.60 points respectively.

However, the NSE Banking Index recorded marginal loss, as it closed lower at 400.03 basis points, down from 400.29 points recorded on Thursday.

Flour Mills of Nigeria Plc recorded the highest price appreciation of the day, rising by 9.9 per cent or N7.61 to close at N83.90 per share.

Academy Press Plc gained 9.7 per cent or 17 kobo to close at N1.91 per share.

Nigerian Aviation Handling Company Plc and Jos International Breweries Plc rose by 9.5 per cent each, to close at N6.74 and N1.83 per share respectively.

Vono Plc and Eterna Plc also gained 9.4 per cent and 9.1 per cent to close at 81 kobo and N2.75 per share respectively.

Neimeth International Pharmaceutical Company Plc, on the other hand, lost the highest price for the day, shedding 10 per cent or 14 kobo to close at N1.26 per share.

IPWA Plc also lost 9.41 per cent or eight kobo to close at 77 kobo per share.

Air Services and Logistics Plc and DN Meyer Plc lost 9.3 per cent and 9.1 per cent to close at N3.88 and N1.30 per share, while Thomas Wyatt Nigeria Plc and Trans Nationwide Express Plc lost 7.9 per cent and 7.4 per cent to close at 81 kobo and N1.00 per share in that order.

The financial services sector maintained its lead on the activity chart, accounting for 60 per cent of total volume traded.

In the sub-sector, 147.08 million shares, worth N1.222bn were exchanged by investors in 2,575 deals.

Turnover in the sub-sector was largely driven by trading in the shares of Aiico Insurance Plc, United Bank for Africa Plc and FBN Holdings Plc.

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