Stories by Chinwendu Obienyi
The Nigerian equities market closed trading on a positive note Thursday on the Lagos floor of the Nigerian Stock Exchange (NSE), as showing in the lead indices. The All Share Index (ASI) and market capitalisation rose by 0.05 per cent with the close at 25,510.01 points after adding 13.3 points while market capitalisation increased by N4 billion to close at N8.826 trillion.
On the activity chart, CI Leasing topped the gainers chart with 8.47 per cent to close at 47 kobo. Nascon followed with 5.30 per cent to close at N8.55 per share, while Transcorp moved up by 3.95 per cent to close at 79 kobo per share.
On the flip side, 11 companies depreciated in price, led by Union Dicon, which shed 4.97 per cent to close at N14.15; AIICO was next with 3.64 per cent to close at 53 kobo per share followed by Forte Oil with 1.46 per cent to close at N44 per share.
Further analysis of the day’s trading showed that Fidelity Bank topped trading activities for the day with 112.3 million units of shares valued at N113.4 million.
FBN Holdings was next with 62.4 million shares valued at N194.7 million, while FCMB moved 32 million shares worth 32.4 million.
Market activity measured by volume and value increased by 41 and 92 per cent respectively, as investors traded 349.3 million shares worth N2.3 million compared to 247.7 million shares worth N1.2 billion, transacted in previous session.