Trading activities on the Nigerian Stock Exchange on Thursday closed in green as the benchmark indices of the All Share Index (ASI) grew by 0.70 percent to close at 32,664.63 points from the previous close of 32,437.35 points on Wednesday.
Market capitalisation grew by 0.70 percent, closing at N11.925 trillion as against the previous close N11.842trillion, implying a gain of N83 billion.
At the close of trading for the day, both volume of traded stocks declined by 27.89 percent to close at 173.63 million units from the previous close of 240.76 million units, while the value of traded stocks grew by 2.76 percent to close at N3.76 billion as against the previous close of N3.66 billion.
However, the price movement chart indicated 13 stocks recorded gains while 22 stocks lost bringing the market breadth to a negative round off.
As a result, Law Union & Rock Insurance tops the percentage gainers’ chart, gaining 6.38 percent to close at N0.50 from the previous close of N0.47 per share.
Prestige Assurance also gained 6.12 percent to close at N0.52 from the previous close of N0.49 per share.
Dangote Cement, the most capitalized stock on the floor of the Nigerian Stock Exchange (NSE) closed at N206 from the previous close of N200, thereby gaining N6. Other heavy weight stocks that gained include Nigerian Breweries, CAP, Zenith Bank and FBNH among others.
Vitafoam tops the losers’ chart losing 10.00 percent of its share price, while C&I Leasing and UAC Property shed 9.67 percent, and 9.44 percent respectively. Zenith Bank traded about 54.81million units of its shares in 164 deals, valued at about N2.02 billion.