NSE: Trading stays positive

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    By Oladimeji Abidoye

    FRI, 16 SEPTEMBER 2016-Trading on Thursday continue in an upward trend from where it left off on Wednesday after the Eid-El-Kabir celebration at the Nigerian Stock Exchange with market indicators growing by 0.30 percent.

    Total leads in the gainers table with N8.92 growth to close at N250 per share while Seplat came second with a gain of N5 to close at N325 per share

    Unilever increased by N2.87 to close at N45.15 per share while Conoil increased by N2.68 to close at N28.89 per share. Dangote Cement completes the top 5 gainers with an appreciated value of N1.49 to close at N176 per share.

    In the losers table, GT Bank topped the chart by depreciating by N0.5 to close at N26.5 per share while Neimeth Pharmaceuticals came second with a loss of 0.1 to close at N1.08 per share. UACN Property by decreased 0.1 to close at N3.4 per share while Champion Breweries dropped by 0.08 to close at N2.47 per share. UBA decreased by 0.07 to close at N4.21 per share.

    In all, capitalization went up by N28.9 billion to close at N9.523 trillion against N9.495 trillion on Wednesday while the volume of shares traded closed higher with an exchange of 200 million shares valued at N1.6 billion transacted in 3,257 deals. This performance contrasted with 182.2 million shares worth N1.78 billion traded in 2,776 deals on Wednesday.

    The Banking sector dominated the top traders with FCMB concluding with a volume of 49.3million shares valued at N49.38 million of the day’s transactions while Access bank came second with a total of 23.49 million shares worth N130.7 million traded.

    NEM Insurance which sold 17 million shares valued at N13.69 million was third on the table while Fidelity Bank transacted 12.55 million shares worth N11.099 million and transnational corporation exchange 11.9 million shares valued at 13 million.

    DCSL 90X780

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