Kayode Ekundayo
14 November 2008
Lagos — Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed on Thursday with 2.2 per cent growth rate. 50 out of 78 stocks were traded.
Specifically, trading closed at market capitalisation of N8.190 trillion, about N174.509 billion increased as against the previous day of N8.05 trillion.
All-share-index also grew by 2.2 per cent to close at 37,333.64 points, about 795.5 points higher than the previous day of 34,973.05 points.
In all, the market is now being dominated by bull and this has brought increased in the volume of stocks traded daily.
Some of the stockbrokers who spoke to Daily Trust in Lagos were of the view that though the stocks are appreciating faster than expected, investors should take that opportunity to invest more in stocks rather than dampen by the global financial crisis.
A total of 50 stocks appreciated with Guinness led others as it gained N4.71 to close at N99.08 per share. This was followed by Flourmill with N2.32 to close at N48.83 pre share, 7UP N2.15 to close at N45.18 per share
Meanwhile a total of 569.950 million shares worth N5.363 billion in 12,161 deals were transacted yesterday.
Activities in the banking sector drive the market with a volume of 256.989 million shares valued at N3.518 billion in 7,100 deals.
FirstInland Bank shares drive the sector with 33.839 million worth N231.074 million in 314 deals.
The Insurance sub sector followed with a total volume of 10.072 million valued at N378.376 million in 1,054 deals.
Activities in the International Energy Insurance's shares drive the sector with 56.280 million shares worth N157.022 million in 24 deals.
On the losers' chart, Chevron led 27 others with a loss of N14.79 to close at N281.05 per share, Oando N6.26 to close at N119.02 per share.
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