Nigerian bourse breathes sigh of relief, index up 0.17%

The Nigerian equity market, on Friday, gained by 0.17%, after four days of consecutive sell pressure.

Specifically, the All-Share Index increased by 37.47 points or 0.17% to close at 22,733.35 against 22,695.88 achieved on Thursday.

Similarly, the market capitalization, which opened at N11.827 trillion, gained N19 billion to close at N11.846 trillion.

Top gainers  

A review of the price movement shows that Okomu Oil led the top gainers’ table, gaining N4.70 to close at N60 per share.

Flour Mills followed with a gain of N1.60 to close at N21.40, while Zenith Bank improved by N1.05 to close at N11.90 per share.

Guaranty Trust Bank added 90 kobo to close at N19, while United Bank for Africa went up by 55 kobo to close at N6.10 per share.

[READ MORE: Bears dominate Nigeria’s bourse, as investors lose N425 billion)

Top losers  

On the other hand, Seplat topped the losers’ table, shedding N60.50 to close at N544.50 per share.

Nigerian Breweries followed with a loss of N1.70 to close at N28, while International Breweries dipped 60 kobo to close at N5.75 per share.

Cadbury lost 55 kobo to close at N4.95, while Access Bank decreased by 45 kobo to close at N5.40 per share.

Top trades by volume

In addition, breakdown of the activity at the Nigerian bourse indicates that Guaranty Trust Bank was the most traded stock exchanging 162.15 million shares valued at N2.99 billion.

Zenith Bank followed with an account of 161.14 million shares worth N1.83 billion, while FBN Holdings traded 120.09 million shares valued at N477.19 million.

United Bank for Africa sold 73.69 million shares worth N443.44 million, while Nigerian Breweries accounted for 27.94 million shares worth N782.62 million.

Finally, investors bought and sold 733.19 million shares valued at N10.22 billion in 6,703 deals on Friday.