Nigerian stocks compose N195 billion as bull lunge enters fifth day


Nigerian stocks reinforced 0.75 per cent on Friday, helped by an expanding investor exuberance because the bourse reported its fifth compose for the week

The uptrend persisted to rely upon exploding query for the shares of FBN Holdings, which contributed 65.4 and 70 per cent of the trade volume and worth respectively.

The financial companies community alongside GTCO, Nigerian Breweries and UCAP had been instrumental in Friday’s valid efficiency.

Market breadth, a barometer for determining the stage of investor sentiment in opposition to trade, become as soon as certain as 30 gainers had been reported when put next to 8 losers.

The all-portion index grew by 308.17 aspects to 41,438.15, whereas market capitalisation rose to N21.6 trillion. 365 days up to now, the index is up by 2.9 per cent.


SCOA topped the gainers’ chart, appreciating by 9.20 per cent to cease at N0.95. Custodian went up by 8.96 per cent to N7.30. International Breweries rose to N5, notching up 8.70 per cent within the course of. FBN Holdings added 8.08 per cent to terminate the trade at N12.70. GSK accomplished the tip 5, climbing by 6.56 per cent to N6.50.


Chams become as soon as the worst performing stock, declining by 8.33 per cent to cease at N0.22. UPL shed 6.25 per cent to cease at N1.50. WAPCO fell to N24.10, shedding 4.74 per cent. Africa Prudential declined 3.62 per cent to N6.65. Capable closed at N1.52, happening by 3.18 per cent.


A total of 729 million shares estimated at N8.5 billion had been traded in 4,852 deals.

FBN Holdings become as soon as primarily the most active stock with 476.5 million items of its shares price N5.929 billion traded in 961 deals. Universal Insurance shares of 39.7 million items and priced at N8.3 million exchanged fingers in 26 transactions. GTCO had 33.2 million shares valued at N972.4 million traded in 273 deals. Constancy traded 21.9 million shares estimated at N59.8 million in 174 transactions. Transcorp traded 20.8 million shares valued at N20.4 million in 93 deals.

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