Trading at the Nigerian Stock Exchange (NSE) maintained upward trajectory on Friday with the All-Share Index closing at 22,921.59, a 1.63 percent rise from the opening figure of 22,554.84.
Market capitalisation also rose by N191 billion to close at N11.945 trillion after opening at N11.754 trillion.
Gains by Nestle Nigeria largely fueled the growth as it led the gainers’ table with a gain of N53.80 to close at N967 per share. Nigerian Breweries trailed with N2.90 to close at N32.35, while BUA Cement garnered N2.45 to close at N31.85 per share.
Conoil also appreciated by N1.55 to close at N17.40, while NASCON improved by 85k to close at N9.35 per share.
On the other hand, Ardova topped the losers’ chart with a loss of N1.10 to close at N10.10 per share. Cadbury followed with 70k to close at N6.30, while Lafarge Africa dipped 40k to close at N11.60 per share.
Flour Mills was down by 30k to close at N21.20, while Oando dipped 26k to close at N2.62 per share.
In spite of the growth by market indicators, volume of shares traded by investors closed lower.
Consequently, investors bought and sold 231.61 million shares valued at N2.61 billion transacted in 4,521 deals.
This was in contrast with 379.11 million shares valued at N4.33 billion traded in 5,985 deals on Thursday.
The banking stocks remained the toast of investors with FBN Holdings emerging the most active, exchanging 47.69 million shares worth N219.71 million.
United Bank for Africa followed with 36.53 million shares valued at N220.47 million, while Guaranty Trust Bank accounted for 32.85 million shares worth N686.88 million.
