NGX moves 232.85m shares worth N1.85bn in cautious trading


The Nigerian Exchange (NGX) Ltd on Friday moved 232.85 million shares worth N1.85 billion in 3,351 deals.

The turnover represented a growth of 24.97 per cent when compared with 186.33 million valued at N1.79 billion traded in 3,595 deals on Thursday.

Transacorp dominated the activity chart with 45.13 million shares worth N42.14 million.

Mutual Benefits followed with an account of 29.26 million shares valued at N8.87 million, while GTCO sold 22.09 million shares worth N614.25 million.

Zenith Bank exchanged 16.36 million shares valued at N399.14 million, while etranzact traded 13.84 million shares worth N26.81 million.

Also, the NGX All-Shares improved marginally by 8.47 points or 0.02 per cent to close at 39,485.65 from 39,477.18 on Thursday.

Similarly, the market capitalisation increased by N4 billion or 0.02 per cent to N20.572 trillion from N20.568 trillion achieved on Thursday.

Morrison Industry led the gainers’ table in percentage terms, gaining 9.47 per cent to close at N1.85 per share.

FTN Cocoa followed with 9.09 per cent to close at 48k, while Sovereign Trust Insurance gained 8.70 per cent to close at 25k per share.

UPDC was up by 8.28 to close at N1.83, while Boc Gas added 6.31 per cent to close at N11.80 per share.

On the other hand, Unilever led the losers’ chart in percentage terms, shedding 10 per cent to close at N13.50 per share.

NASCON trailed with 9.87 per cent to N14.15, while AIICO Insurance lost 4.85 per cent to close at 98k per share.

Veritas Kapital dipped 4.17 per cent to close at 23k, while Transcorp declined by 3.16 per cent to close at 92k per share.