Stock Exchange reopens




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LAGOS – Trading floors of () centres in the country resumed equities transactions Friday after closure Thursday following technical problems.

At the day’ activities, Head of Market Operations, Mr Ade Ewuosho, said that hour extension would be given for transaction, explaining that it to give stock brokers to for Thursday’ “loss”.

However, equity transactions closed a poor trend with the market capitalisation depreciating by N86 billion or 0.61 per cent as major stocks recorded price losses.

The market capitalisation closed at N13.962 trillion from the N14.048 trillion recorded Wednesday.

Also, the All-Share Index which opened at 42,544.33 dropped by 258.51 points to close at 42,285.82.

Oil led the losers’ chart, losing N9.28 to close at N176.45 per share.

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Mobil depreciated by N8.49 to close at N161.41 while Forte Oil lost N8.23 close at N216 per share.

Dangote Cement dipped by N5.5 to close at N232 while Flour Mill fell by N3.89 to close at N73.98 per share.

Conversely, Lafarge Wapco led the gainers’ chart with a gain of N1.68 and closed the day’ trading at N118.95 per share.

Stanbic IBTC followed with a gain of N1.59 to close at N29.09 while CCNN and GTBank grew by 9k each to close at N14.17 and N3 per share, respectively.

Portpaint also appreciated by 4k to close at N5.22 per share.

GTBank emerged as the most traded stock, accounting for 155.22 worth N4.66 billion of the day’s transactions.

Dangote Cement traded 87.09 valued at N18.72 billion while Transcorp sold 48.96 worth N264.25 million. Diamond Bank traded 20.38 million valued at N136.56 million while ’s stock accounted for 420.35 million shares worth N202.11 million.

In all, investors exchanged a of 536.869 million worth N26.62 billion in 7,048 deals, representing 96.31 per cent growth.

This against the 273.484 million shares valued at N3.076 billion traded in 4,766 deals on Wednesday. (NAN)

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