NSE-ASI closes at 27,858.48. Gains 0.48%

Friday afternoon. 2:30 pm. It’s the close of market for the week which began Wednesday, on account of the Eid celebration. The days’ haggling results in a 0.48% gain to the All Share Index which closed at 27,858.48 as 3,617 deals with a value of N2.10 billion were consummated. In the course of this, 228.93 million shares got transferred putting the market capitalization at 9.56 trillion at closing hour.

Financial institutions, to be precise banks, emerged the most traded led by FBN Holdings Nigeria Plc. which closed at N2.95 (0.06 decline) with 56.45 million of its shares traded. FCMB Group Plc. followed with 32.07 million of its shares traded closing at N1 while United Bank for Arica Plc. got 29.57 million shares exchanged.  Zenith and Fidelity followed with volumes traded of 13.66 million and 9.86 million respectively.

Distillers, Nigerian Breweries Plc. posted the greatest gain of N3.37 (2.38%) to close at N145 while Conoil Plc. with a N2.95 (10.25%) gain closed at N31.84. Third from the top was popular consumer goods manufacturer, Nestle Nigeria Plc. which closed at N826 on account of a N1 (0.12% gain). The company had 112.608 of its shares switch hands at the exchange. Next was Seplat Petroleum Development Company Ltd. Which gained N1 (0.31%) to close at N326.

Conversely, Forte Oil Plc. led the decliners, closing at N161.01 on account of a N3.99 (N2.42%) drop with Union Bank Nigeria Plc. following after. The financial institution dropped N0.22 (4.91%) to close at N4.26. Pharmaceuticals player, Fidson Healthcare Plc. trailed with a N0.08 (4.73%) drop while industrial goods manufacturer, Portland Paints & Products Nigeria Plc. declined by N0.08 (5%).