Seplat, NB, Dangote gain as Bulls push stocks upwards

Seplat, NB, Dangote gain as Bulls push stocks upwards

Friday, February 26, 2016 7:54 pm

The Nigerian Stock Exchange (NSE) on Friday moved 280.39 million shares worth N1.73 billion exchanged by investors in 2,771 deals.

This was in contrast to 271.62 million shares valued N1.54 billion traded in 3,360 deals on Thursday.

Access Bank was the investors’ delight, accounting for 47.79 million shares worth N193.08 million.

FCMB Group came second with 40.71 million shares valued N33.03 million, while WAPIC Insurance sold 38.77 million worth N19.38 million.

FBN Holdings accounted for 29.19 million shares valued N101.95 million and Zenith Bank recorded a turnover of 27.49 million shares worth N309.77 million.

The market indices for the second consecutive day improved by 0.77 per cent following price gains by some blue chip equities.

The All-Share Index rose by 186.06 points or 0.77 per cent to close at 24,228.79 compared with 24,042.73 recorded on Thursday.

Similarly, the market capitalisation which opened at N8.271 trillion gained N64 billion to close at N8.335 trillion.

Seplat led the gainers’ table having garnered N10 to close at N340 per share.

Nigerian Breweries grew by N2.72 to close at N101.77 and Unilever chalked up N1.03 to close at N29 per share.

Dangote Cement appreciated by N1 to close at N135 and Mobil increased by 50k to close at N150 per share.

On the other hand, Flour Mill topped the losers’ chart with a loss of 91k to close at N17.43 per share.

Stanbic IBTC lost 60k to close at N14.25, while NCR dropped 55k to close at N10.47 per share.

Cement Company of Northern Nigeria shed 30k to close at N8.70, while GT Bank decreased by 16k to close at N15.90 per share.

Join The Conversation

What do you think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.