Access, Zenith, GTB, others again drive NSE activities as market indices rise by 0.29%

The banking sub-sector drove activities at Thursday’s trading on the floor of the Nigerian Stock Exchange (NSE) while accounting for 163.14 million shares valued N777.21 million achieved in 1,367 deals. This is even as equities transactions closed in an upward trend as the market indices improved marginally by 0.29 per cent.

The appreciation is due to price gains made by some major equities.

As result of the bullish trading, the market capitalisation closed at N9.699 trillion when compared with N9.670 trillion posted on Monday.

Equally, the All-Share Index increased by 84.1 basis points or 0.29 per cent to close at 28,221.75 against the 28,137.65 achieved on Wednesday.

Guinness led the gainers’ table by N5.49 to close at N115.50 per share.

Mobil came second with N4.45 to close at N147.95, while Julius Berger appreciated by N1.85 to close at N43 per share.

Dangcem advanced by 87k to close at N166.02 and GTBank gained 70k to close at N20.70 per share.

On the other hand, Total Oil led the losers’ chart by N4.38 to close at N142.50 per share.

FlourMills trailed with a loss of N2.56 to close at N23.76, while PZ Cussons dropped N2.27 to close at N20.87 per share.

CAP dropped N1.95 to close at N37.05, while International Breweries lost 83k to close at N16.17 per share.

However, the volume of shares traded declined by 31.12 per cent as investors staked N2.81 billion on 333.209 million shares transacted in 4,444 deals.

This was against the 483.741 million shares worth N5.09 billion traded in 4,673 deals on Wednesday.

The Financial Service Sector sustained its leading position as the toast of investors with a total of 196.64 million shares worth N830.79 million in 1,719 deals.

The banking sub-sector drove activities in the sector accounting for 163.14 million shares valued N777.21 million achieved in 1,367 deals.