33 C
Saturday, January 16, 2021
- Advertisement -

Marginal Rise in Trading Volume as Market Cap Sees Slight Drop


2020: A Year Like no Other By Dakuku Peterside

The year 2020 was supposed to be a great year. It was another Leap Year – the famed Olympic Games year when...

The Time to Restructure is Now – Bola Tinubu

Being with you at this special event today, I am visited by two competing emotions. I continue to feel a profound sense...

Africa and the COVID-19 Vaccine – By Dakuku Peterside

The year 2020 will forever be synonymous with Covid-19, a pandemic that brought the world to her knees. For the first time...

Buhari is Repressing Human Rights and Getting Away With It – By Kolawole Olaniyan

President Muhammadu Buhari is failing to live up to his promises to ensure respect for human rights, obey the rule of law,...

The volume of trading on the Nigerian Stock Exchange, the nation’s main bourse fell into the negative territory on Friday with key market indices declining by 0.35 per cent.

The All-Share Index (ASI) dipped 85.04 points to close at 24,427.73 compared with 24,512.77 on Thursday.

The market capitalisation of listed equities lost N45 billion or 0.35 per cent to close at N12.742 trillion from N12.787 trillion reported on Thursday.

Seplat led the losers’ list dropping by N38.60 to close at N347.40 per share.

BUA Cement closed at N39 per share after losing N1, while Unilever dipped 60k to close at N12.25 per share.

United Bank for Africa lost 10k to close at N6, while FBN Holdings inched lower by 5k to close at N4.75 per share.

Julius Berger was the best performing stock, appreciating by N1.55 to close at N17.05 per share.

Stanbic IBTC gained N1 to close at N30, while Custodian Investment added 50k to close at N5.50 per share.

Dangote Sugar Refinery added 20k to close at N11.90, while NAHCO gained 17k to close at N2.20 per share.

However, the volume of shares traded increased marginally by 6.03 per cent as investors traded 174.19 million shares worth N2.38 billion in 3,723 transactions.

This was against a turnover of 164.29 million shares valued at N2.13 billion recorded in 2,986 deals on Thursday.

The banking stocks sector witnessed the most trades and 34.57 million Zenith Bank’s shares worth N537.55 million were traded.

Investors bought 28.13 million shares of FBN Holdings valued at N140.12 million, while 14.49 million United Bank for Africa’s worth N87.93 million were traded.

Traders bought 9.76 million Access Bank shares worth N60.35 million, while 9.72 million Nigerian Breweries’ shares valued at N301.31 million were sold.

- Advertisement -
- Advertisement -

Business Profiles

Ngozi Edozien

Ngozi Edozien is the founder and Managing Director of Invivo Partners Limited. She has over 20 years’ experience in finance/private equity, general...

Sanyade Okoli

Sanyade Okoli is Chief Executive Officer at Alpha African Advisory. She has over 21 years of financial advisory, private equity, corporate, commercial...

Samuel Nwanze

Samuel Nwanze is a director of Transcorp Power. He holds an MSc. degree in Finance and Management from Cranfield University in the...

Olukemi Adeniji

Ms Adeniji has a law degree and a Masters in International Law and Diplomacy (M.I.L.D) from the University of Lagos. She has...

Chikezie Nwosu

Chikezie Nwosu is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz...