NSE: Market Caps Gains N36 billion as Transcorp, Continental Re, top gainers

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Equities trading sustained positive trend on Friday as lead indicators appreciated further by 0.32 percent.

The All Share Index (ASI) added 104.39 points and closed at 32,459.17 points while the Market Capitalisation gained N36 billion and closed the final trading day of the week at N11.187 trillion.

The day’s performance advanced year-to-date gains to 20.75 percent and reduced month-to-date loss to 1.99 percent.

Market breadth closed positive with 28 gainers against 17 losers. Transcorp led the day’s gainers by 7.52 percent to close at N1.43 per share, Continental Re-insurance followed, with a gain of 4.84 percent, to close at N1.30 per share, Fidson added 4.81 percent to close at N2.83 per share, UACN Plc increased 4.55 percent to close at N17.25 per share; and Dangote Sugar appreciated 4.07 percent to close at N8.70 per share.

Conversely, Conoil topped the day’s losers with a decline of 9.74 percent to close at N36.31 per share, May & Baker came next with a decline of 9.43 percent to close at N2.88 per share. PZ followed, with a loss of 9.25 percent to close at N21, Skye Bank dipped 7.69 percent to close at 60 kobo per share and Linkage Assurance fell 4.92 percent to close at 58 kobo per share.

Zenith Bank led the day’s activity chart with an exchange of 73.3 million shares worth N1.5 billion. Transcorp was next with the sale of 18.4 million shares valued at N25.6 million, while Sterling Bank traded 15.3 million shares worth N15.3 million. FBN Holdings exchanged 14.7 million shares valued at N88.9 million, and Champion Breweries emerged the fifth most traded stock with 10.0 million shares worth N28.6 million.

The volume of shares traded by investors increased to 212.4 million compared to a total of 168.5 million shares traded on Thursday. The value traded today in 3,217 deals declined in comparison with Thursday’s as investors traded N2.5 billion worth of shares against N3.6 billion traded in 3,536 deals in previous session.

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