Nigeria Stock Exchange

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.45 per cent, halting three days of decline.

The index rose by 166.33 points or 0.45 per cent to close at 37,392.77 compared with 37,226.44 posted on Thursday.

Similarly, the market capitalisation which opened at N13.485 trillion rose to N60 billion, 0.44 per cent, to close at N13.545 trillion.

Nestle led the gainers’ table, gaining N27 to close at N1, 527 per share.

Seplat Petroleum Development followed with a gain of N15 to close at N650, while Lafarge Africa gained N3 to close at N37.50 per share.

CAP added N2 to close at N37, while Dangote Sugar Refinery gained 50k to close at N17.50 per share.

On the other hand, Flour Mills recorded the highest loss to lead the losers’ chart, dropping by N15 to close at N29 per share.

Forte Oil trailed with a loss of N1.30 to close at N29.90, while Cadbury lost N1.15 to close at N11.15 per share.

Custodian and Allied Insurance declined by 68k to close at N6.12, while Eterna Oil shed 40k to close at N6.40 per share.

An analysis of the activity chart indicated that Access Bank was the most active stock during the day, trading 84.88 million shares worth N864.66 million.

Dangote Sugar Refinery followed with an account of 15.21 million shares valued at N272.59 million, while Sovereign Trust Insurance traded 14.66 million shares worth N3.27 million.

FBN Holdings sold 12.09 million shares cost N125.49 million, while United Bank for Africa sold 6.55 million shares worth N65.59 million.

In all, investors bought and sold 212.88 million shares valued at N3.24 billion achieved in 3,143 deals.

This was lower compared with 350.47 million shares worth N4.60 billion transacted in 3,228 deals on Thursday.

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