Bull reinforces dominance as Nestle led gainers’ table

As such, the All-Share Index leaped marginally by 0.08% or 34.43 points or 0.08 per cent to close at 42,638.83 compared with 42,604.40 achieved on Thursday.

Similarly, the market capitalization surged by N12 billion or 0.08 per cent to close at N15. 301 trillion, as against the N15.289 trillion posted on Thursday.

A breakdown of the price movement chart showed that Nestle led the gainers’ table with a gain of N55 to close at N1, 400 per share. NASCON trailed with a gain of N1 to close at N21, while Zenith International Bank garnered 35k to close at N32 per share.

Transcorp Hotel also soared by 35k to close at N7.55, while Cadbury increased by 30k to close at N15.10 per share.

On the other hand, CAP led the losers’ chart, dropping N1.70 to close at N35.25 per share. Nigerian Breweries followed with a loss of 40k to close at N131, while Access Bank was down by 30k to close at N12.60 per share.

Ecobank Transnational slumped by 25k to close at N 19.75, while United Bank for Africa depreciated by 20k to close at N12.15 per share.

Linkage Assurance was the most active stock, exchanging 300.77 million shares worth N246.80 million.

Trans nationwide Express followed with an account of 199.33 million shares valued at N155.48 million, while International Breweries traded 57.38 million shares worth N3.20 billion.

Stanbic IBTC sold 31.54 million shares valued at N1.45 billion, while Zenith International Bank traded 27.48 million shares worth N879.24 million.

At the end of trading, 815.85 million shares worth N8.06 billion in 4,808 deals exchanged hands. This was against the 615.18 million shares valued at N6.28 billion traded in 5,904 deals on Thursday. Also, the volume of shares traded rose by 32.62 per cent, while the value traded improved by 28.34 per cent when compared with figures posted on Thursday.