A profit of 0.77 percent was recorded Thursday in stock trading on the floor of the Nigerian Stock Exchange.

With an All Share Index put at 32,937.98 basis points, the stock market showed sign of improvement from a previous figure of 32,686.72 basis points, growing by 251.26 basis points (0.77 per cent).

The market capitalisation, in same way, changed by 0.77 per cent or 87 billion Naira, closing the deals with 11.387 trillion Naira compared with a previous value of 11.300 trillion Naira.

The total of 5.29 million shares, which changed hands at the value of 4.8 billion naira were offered in 5,603 deals.

There were more gainers in Thursday’s trading as stocks appreciated by a difference of 19 to close at 45 from an earlier figure of 26 recorded on Wednesday.

The oil company, Forte Oil Plc, overtook the first positioned International Breweries PLC with a closing selling price of N58.33 per share from an earlier trailing position recorded on Wednesday with N52.92 share price, gaining N5.41 or 10.22 percent.

International Breweries PLC took the second position with a closing share price of N29.24, having N2.71 or 10.21 percent increase from Wednesday’s closing at N26.53 per share.

Cadbury Nigeria PLC displaced third top gainer Dangote Sugar Refinery PLC to the 34th position on the gainers’ list. It, however, closed its share price at N14.22 contrary to an earlier price of N12.91, taking away a profit of N1.31 or 10.15 per cent.

Fifteen stocks lost price Thursday as against 27 recorded on Wednesday. The top losers included Golden Guinea Brew PLC, followed by Jaiz Bank PLC, Julius Berger Nigeria respectively.

 

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