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Capital Market Indices Maintain Upward Trend


Trading on the Nigerian Stock Exchange (NSE), on Friday for the five consecutive day, maintained an upward trend with the All-Share Index closing higher at 30,562.93, NAN reports.

The index rose by 489.83 points or 1.63 per cent against 30,073.10 posted on Thursday.

Similarly, the market capitalisation increased by N283 billion to close at N10.318 trillion, compared with N10.035 trillion achieved on Thursday following price appreciation.

A breakdown of the price movement chart indicated that Total led the gainers’ table, appreciating by N14.74 to close at N154.74 per share.

Forte Oil garnered N13.89 to close at N223.89, while Seplat gained N10.50 to close at N399 per share.

Mobil chalked up N6.95 to close at N147.95 and Unilever rose by N1.87 to close at N39.35 per share.

On the other hand, UACN topped the losers’ chart, dropping by 55k to close at N32.05 per share.

UAC Property came second with 46k to close at N9.17, while Dangote Sugar lost 9k to close at N6.68 per share.

Berger Paint dropped by 6k to close at N8 and Fidelity Bank dipped 4k to close at N1.50 per share.

An analysis of the activity chart showed that UBA for the second consecutive day drove the turnover volume, accounting for 166.36 million shares worth N602.72 million traded in 521 deals.

FBN Holdings followed with 66.39 million shares valued N587.44 million achieved in 604 deals, while Diamond Bank sold 55.31 million shares worth N230.92 million achieved in 72 deals.

FCMB traded 49.93 million shares valued N135.88 million achieved in 243 deals and Zenith Bank accounted for 35.37 million shares worth N662.027 million traded in 250 deals.

Over all, a total of 528.67 million shares worth N4.45 billion traded by investors in 4,446 deals.

This was against 723.62 million shares worth N7.19 billion exchanged in 4,531 deals on Thursday.

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