NSE All-Share Index rises by 0.44 per cent

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

The Nigerian Stock Exchange (NSE) ended trading for the week on Friday in green, with All-Share Index improving by 0.44 per cent.

Specifically, the All-Share Index rose by 119.33 points or 0.44 per cent to close at 26,991.42 against 26,872.09 achieved on Thursday.

Also, the market capitalisation of listed equities which opened N12.969 trillion closed higher at N13.027 trillion.

Nestle led the gainers’ table during the day, gaining N100 to close at N1,250per share.

Okomuoil followed with a gain of N5 to close at N55, while Forte Oil gained N1.50 to close at N18.10 per share.

Cement Company of Northern Nigeria added N1 to close at N19, while Ikeja Hotel gained 11k to close at N1.25 per share.

On the other hand, Nigerian Breweries recorded the highest loss, dropping by N1 to close at N50.50 per share.

Dangote Cement trailed with a loss of 50k to close at N144.40, while Dangote Sugar was down by 35k to close at N12.75 per share.

READ ALSO: NSE: Trading maintains bearish trend, indices down by 0.19 per cent

United Bank for Africa declined by 10k to close at N7.50, while Access Bank also lost 10k to close at N10.05 per share.

The banking stocks maintained leadership as the most active with Access Bank emerging the most traded, exchanging 27.30 million shares valued at N276.56 million.

Zenith Bank followed with an account of 26.12 million shares worth N487.45 million, while Fidelity Bank traded 15.64 million shares valued at N31.67 million.

Guaranty Trust Bank sold 15.59 million shares worth N460.11 million, while AIICO Insurance accounted for 12.66 million shares valued at N9.02 million.

In all, investors bought and sold 207.40 million shares worth N2.84 billion in 3,630 deals.

This was against 239.22 million shares valued at N2.28 billion achieved in 3,585 deals on Thursday.

(NAN)

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