Stock market picks up as ASI increase by 0.48%

Nigerian Stock Exchange rounded off trading on Friday on a positive note as the All-share index increased by 0.48% to close at 26,314.49 basis points.

The total trade recorded was 432.5 million valued at N5.6 billion across 4,002 deals leaving the total equity market capitalisation at N12.81 trillion.

Custodian Investment Plc tops the gainers’ chart as it 10% to close on the bourse at N5.50 followed by Law Union Insurance Plc, which also gained 10% to close at N0.55. Access Bank Plc made the list having gained 9.52% to close at N9.20, Honey Well Flour mill plc gained 8.89% as they closed at N0.98 while Fidson healthcare Plc rounded off the list with a gain of 7.69% to close the day at N3.50.

On the other hand, Unilever Nigeria Plc topped the worst-performing stocks for the day as it lost by 9.47% to close at N19.60, followed by Ikeja Hotel Plc, having lost 9.35% to close at N0.97. International Breweries Plc shed 8.29% of its share price to close at N9.40 with CAP Plc declining by 4.89% to close at N24.3 while Royal Exchange Plc completed the list with 4.76% decline to close at N0.20.

Four banks hit the top traded stock on the bourse. Zenith bank plc led the list with trades of N127.3 million shares valued at N2.2 billion in 714 deals followed by Access bank Plc, which traded N71.1 million shares at N633 million in 278 deals.

UBA made trades of N58.96 million valued at N385.1 million in 339 deals while the last bank on the list was Sterling bank plc having traded N45.5 million shares at N100.03 million across 366 deals. CAP Plc despite the decline in share price, rounded off the list with trades of 36.6 million shares valued at N889.8 million in 47 deals.