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NSE index up 0.44% as PZ, Julius Berger, UCAP lead gainers
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By Desola Akindele
February 17, 2017 09:37:15am GMT      |      Views: 1698
Nigerian Stock Exchange

WorldStage Newsonline-- Equities trading on The Nigerian Stock Exchange (NSE) on Friday closed upbeat as the All Share Index (ASI) increased 0.44 percent to close at 25,164.91 points.

The day’s gains cut across all sectors as most NSE index closed in green except the Oil & gas and insurance index that dropped 0.59 and 0.09 percent respectively.

PZ Nigeria led the day’s 21 advancing stocks by 10.12 percent to close at N13.39, Julius Berger was next with a growth of 4.98 percent to close at N38.39 and United Capital added 3.52 percent to close at N3.82.

Jaiz Bank and Access Bank came fourth and fifth on the gainers list with an appreciation of 2.96 and 2.87 percent to close at N1.39 and N6.82 per share respectively.

Consequently, market capitalization grew by N37.9 billion to close at N8.709 trillion in contrast to N26 billion lost in previous session when the Market Capitalisation closed at N8.671 trillion

On the other hand, Livestock feeds led 10 declining stocks on Friday with a loss of 5.00 percent to close at 76 kobo, followed by Forte Oil, which shed 4.99 percent to close at N59.21, UAC-Prop dropped 4.90 percent to close at N1.94, Diamond Bank fell 3.53 percent to close at 82 kobo, while Custodyins went down by 2.41 percent to close at N3.24. 

Standard Trust Company emerged the most traded equity today with an exchange of 252.1 million shares worth N126.1 million. It was trailed by United Capital having accounted for 62 million shares valued at N240.9 million. Zenith Bank recorded the sale of 59.5 million shares worth N893.1 million; FCMB exchanged 21.3 million shares valued at N27.5 million while FBN Holdings traded 15.2 million shares worth N50.3 million.

Investors in 2,713 deals  traded a total of 480 million shares worth N1.978 billion compared to a total of 144.4 million shares worth N1.5 billion traded in 2,303 deals traded a on Thursday.

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