NSE: Bank stocks dominate trade as market gains N67.014bn | Ripples Nigeria
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NSE: Bank stocks dominate trade as market gains N67.014bn



Trading on the Nigerian Stock Exchange ended on a positive note Friday as bargain-hunting efforts led the market to appreciate by N67.014 billion.

Across the sector indices, only the Banking Index posted a positive performance, expanding by 1.22% to close at 261.54 basis points.

The market posted a positive market breadth today as 16 gainers emerged compared to 14 losers.

The All Share Index (ASI) rose to 22,599.38, adding 0.57% in the process. The market capitalisation inched up to N11.778 trillion at the end of today’s trade.

Year to date, the index is down by 15.81%.


Caverton led gainers today, appreciating by 9.78% to close at N2.47. UPDCREIT added up 9.68% to end today’s trade at N3.40. UPL went up by 9.37% to N1.05. Cadbury rose to N7.45, notching up 7.97% in the process. African Prudential completed the top 5, climbing to N3.70 by 6.94%.


CAP topped the pack of losers, declining by 9.91% to close at N20.90. UACN Property shed 9.76% to end the week at N0.74. SAHCO fell to N1.52, losing 8.98%. ETI slumped to N5.10, recording 8.93% depreciation. UACN closed at N6.20 after going down by 8.15%.

READ ALSO: Wema Bank proposes N0.04 per share dividend for FY2019


211.620 million shares valued at N2.234 billion were traded today in 3,957 deals.

GTB was the most active stock with 51.398 million of its stocks worth N977.587 million traded in 518 deals. 25.725 million units of FBN Holdings shares priced at N111.967 million exchanged hands in 296 transactions. Access had 22.506 million shares valued at N140.621 million traded in 172 deals. FTN Cocoa traded 16.958 million shares estimated at N3.392 million in 12 transactions. UBA traded 12.024 million shares valued at N71.558 million in 200 deals.

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