Bluechip stocks helped the Nigerian Stock Exchange (NSE) to nudge northwards on Friday, maintaining a positive streak after massive sell-offs of the preceding the week
The All-share index appreciated by 685.55 points or 2.51 per cent to close at 35,381.02 from the 34,515.47 recorded on Thursday, while the market capitalisation, which opened at N11.431 trillion, appreciated by N287 billion to close at N11.718 trillion.
Dangote Cement led the price gainers’ chart by N18.79 to close at N205.9 per share.
Unilever followed with N2.9 to close at N35.7, while Flour Mills grew by N2.49 to close at N52.5 per share.
Nigerian Breweries gained N2.17 to close at N162.17, while Oando Oil rose by N1.03 to close at N21.93 per share.
On the other hand, Seplat led the losers’ chart by N22.94 to close at N426.02 per share.
Forte Oil trailed with a loss of N3.0-1 to close at N199.98, while Nestle lost N2.27 to close at N900.22 per share.
GTBank decreased by 88k to close at N23.12, while Lafarge Wapco dropped by 75k to close at N80 per share.
FBN Holdings emerged as the toast of investors, accounting for 64.77 million shares worth N607.57 million.
Zenith bank came second with an exchange of 54.06 million shares valued at N1.12 billion, while FCMB sold 37.74 million shares worth N125.02 million.
In all, investors exchanged 453.098 million shares worth N7.14 billion in 5,485 deals.
This is against the 325.078 million shares worth N5.39 billion exchanged in 5,204 deals on Thursday.
Generally, the equities market partly recovered this week, as the NSEASI gained 6.49% Week on Week (WoW).
The market gained on all trading days of the week in contrast to the massive sell offs noticed last week. Market activities were however soft compared to last week as volume traded for the week dipped by 50.54%, while market turnover appreciated by 29.84%
