Summary Of Friday's Trading Session On The Nigerian Stock Exchange

On Friday on the Nigerian Stock Exchange, a total of 328.395 million shares were transacted in 4,388 deals, which equaled N3 billion in market value.

When compared with Thursday's trading session which closed at 270.69 million shares being transacted in 3,910 deals, worth N2.04 billion - Friday's session shows an improvement of 21 percent in trade volume, 53 percent in turnover, and 13 percent in the number of deals.


The current NSE market capitalization is NGN 20.85 trillion, an increase of 0.95 percent(196 billion) from Thursday's N20.651 trillion.


In aggregate, 111 equities took part in trading, which resulted in 22 on the gainers' side, and 23 on the loser's side.

Regency Alliance Insurance recorded a growth of 10 percent in share price to top the gainers' list, closing at N0.33 per share. It was followed by Consolidated Hallmark Insurance, which went up 8.33% to close at N0.39. Royal Exchange and FTN Cocoa Processors were next, going up 8.16% and 7.69% (respectively), to close at N0.53 and N0.49 respectively.


NCR Nigeria came out last, with a depreciation in the share price of 9.92% to trade at N2.27, followed by Greif Nigeria which lost 9.7% of its share price. Oba Otudeko's Honeywell Flour Mill lost 9.38% to trade at N1.16 per share and was closely followed by Sunu Assurances Nigeria, with a kiss of 9.23%. Honeywell Flour Mill, however, traded up to 18.23 million shares.



FBN Holdings continued its streak as an Investor's favorite, as it recorded 95.2 million traded shares worth N641.14 million, the highest on the bourse yesterday. It was followed by Access Bank with 44.33 million shares worth N327.31 million and UBA with 22.15 million shares worth N161.26 million.


The NSE All-Share Index went up 373.22 (0.95%) points to end at 39,834, representing a 1-week gain of 1.36%, a 4-week gain of 2.02%, but an overall year-to-date loss of 1.08%. Other indices which did really well were the NSE Premium Index which went up 0.23%, NSE Top 30 Index, which went up by 1.28%, and NSE Insurance, which went up 0.86%.  

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