Nigerian Stock Market Gained ₦144 billion on Friday

Dangote Cement strong third quarter results released on Friday bolstered Nigerian Stock Exchange to sustain its recent bullish run above ₦16.2 trillion market value.

Investors transacted 637.495 million shares worth ₦5.229 billion in 6,354 transactions during the trading hours of Friday.

The market capitalisation of the Nigerian Stock Exchange gained ₦144 billion from ₦16.062 trillion it closed on Thursday to ₦16.207 trillion on Friday.

NSE All-Share Index appreciated by 0.90 percent from 30,738.92 on Thursday to settle at 31,016.17 on Friday.

The banking sector led the most traded equities ahead of their third quarter financial results next week.

Omoluabi Mortgage Bank Plc led the most traded stocks with 139.500 million shares valued at ₦83.700 million. This was followed by First Bank with 91.366 million shares worth ₦594.947 million.

Sterling Bank came third with 51.504 million shares estimated at ₦93.697 million. Access Bank and UBA followed with 47.271 million and 44.549 million shares valued at ₦382.074 million and ₦356.442 million, respectively.

Dangote Cement emerged the highest gainer for the day after appreciating by ₦5.5 or 3.25 percent to settle at ₦174.5 per share.

GTBank came second with ₦1.2 or 3.72 percent gain to close at ₦33.5 per unit. Presco, Guinness and Dangote Sugar added ₦1.1 or 1.67 percent, 95 kobo or 5.74 percent and 95 kobo or 6.11 percent to call it a day at ₦67, ₦17.5 and ₦16.5 per shares, respectively.

On the other hand, BUA Cement led top losers with ₦2.45 or 5.39 percent decline to settle at ₦43 a share.

Flour Mills, Mansard and Nem depreciated by 40 kobo, 20 kobo and 18 kobo to finish the day at ₦27.2, ₦2 and ₦2.05 per shares.

Oando lost 60 kobo or 2.17 percent to close at ₦2.7 a unit.