The value of shares traded on the Nigerian Stock Exchange (NSE) on Thursday rose by 46 per cent as the market indices also improved by 0.35 per cent.
The News Agency of Nigeria (NAN) reports that investors staked N3.8 billion on 556.22 million shares exchanged in 4,031 deals.
This is against the 441.8 million shares valued at N2.6 billion traded in 4,546 deals on Wednesday.
The All-Share Index, which opened at 20,123.51 points, grew by 69.89 points, representing 0.35 per cent to close at 20,193.40 points because of the price appreciation by some blue chip companies.
Also, the market capitalisation appreciated by N22 billion, representing 0.35 per cent to close at N6.36 trillion, up from the N6.34 trillion recorded on Wednesday.
NAN reports that Oando topped the price gainers’ chart with 94k to close at N24.20 per share while Nigerian Breweries appreciated by 90k to close at N92 and Julius Berger, by 67k to close at N20.53 per share.
PZ Cussons rose by 60k to close at N24.10 while Cadbury gained 41k to close at N8.74 per share.
On the other hand, New Gold ETF led the losers’ chart with N85 to close a N2,637 per unit while Guinness suffered a loss of N10.90 to close at N209.10. Flour Mills dropped N2.88 to close at N54.87 per share.
Presco depreciated by 39k to close at N8.50 while UBN dipped by 33k to close at N6.37 per share.
NAN reports that the banking sub-sector remained the toast of investors as they staked 456.9 million shares worth N2.2 billion in 2,153 deals.
FCMB was the most traded stock with an exchange of 214.5 million shares worth N891.4 million traded in 40 deals, followed by UBA with an exchange of 131.3 million shares valued at N372.9 million and exchanged in 260 deals.
The Oil & Gas sub-sector trailed as investors staked N730.3 million on 31.2 million shares traded in 404 deals.
Oando was the most active in the sub-sector with a total of 28.9 million shares worth N702.1 million exchanged in 263 deals. (NAN)