Market capitalisation closes upbeat with N504 billion revenue

The important thing efficiency indicators of the Nigerian Inventory Trade (NSE) closed on Friday with

The important thing efficiency indicators of the Nigerian Inventory Trade (NSE) closed on Friday with 1.76 per cent development amid beneficial properties in shares of First Financial institution of Nigeria Holdings (FBNH), Airtel Africa, amongst others.

Particularly, the market capitalisation on Friday inched larger by N504 billion or 1.76 per cent to shut at N29.158 trillion towards N28.654 trillion achieved on Thursday.

In the identical vein, the All-Share Index elevated by 933.98 factors or 1.76 per cent to 54,085.3 factors from 53,151.32 recorded on Thursday.

Nevertheless, the market breadth closed flat with gainers and losers recording 19 every.

An evaluation of the worth motion chart signifies that Cutix Plc led the worth motion desk, appreciating by 9.96 per cent to shut at N2.87 per share.

Airtel Africa adopted with 9.89 per cent to shut at N1,767, whereas Wema Financial institution gained by 8.63 per cent to shut at N3.68 per share.

Ardova added by 7.09 per cent to shut at N15.10, whereas FBNH improved by 6.98 per cent to shut at N11.50 per share.

However, Nigerian Breweries recorded the best loss to steer the laggards’ desk, declining by 10 per cent to shut at N69.30 per share.

UACN got here second with a lack of 9.87 per cent to shut at N10.50, whereas UPL dipped by 9.52 per cent to shut at N2.85 per share.

Royal Trade was down by 9.26 per cent to shut at 98k per share and Linkage Assurance went down by 6.67 per cent to shut at 56k.

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In the meantime, the quantity of shares traded dropped marginally by 21.83 per cent with an alternate of 208.09 million shares valued at N5.52 billion in 5,647 offers.

This was in distinction with 266.18 million shares price N5.12 billion achieved in 5,501 offers on Thursday.

Flour Mills inventory dominated actions chart, accounting for 21.48 million shares valued at N746.77 million.

Warranty Belief Holding Firm (GTCo) adopted with 20.14 million shares price N464.52 million, whereas FBNH traded 17.96 million shares valued at N205.02 million.

Transcorp bought 13.98 million shares price N18.1 million whereas AccessCorp exchanged 12.46 million shares valued at N122.06 million.

(NAN)