Nigerian Stock Exchange (NSE) records marginal growth on the first trading day in May

Market indicators for the month of May were opened by the Nigerian Stock Exchange (NSE) with a marginal growth of 0.04 percent.

The All-Share Index, opening at 29,159.74, rose by 11.99 points or 0.04 percent on Thursday to close at 29,171.73.

In addition, market capitalization appreciated to close at N10.963 trillion by five billion naira or 0.05 per cent following gains from medium and large capitalized stocks.

A breakdown of the price movement table shows that Mobil led the table of the winners, growing by N9 to close at N186 per share.

Guinness followed with an N1.40 gain to close at N50, while Nigerian Breweries gained 75k per share to close at N65.75.

Cement Company of Northern Nigeria appreciated by 60k to close at N14.60, while Dangote Sugar increased by 15k to close at N14.05 per share.

In contrast, Presco recorded the highest loss to lead the table of the laggards, dropping to N58 per share by N4.75.

Total trailed to close at N164 with a loss of N2.10, while Conoil closed at N20.10 per share by dropping  70k.

Forte Oil lost 35k to close at N34.75, while Lafarge Africa declined to close at N11.20 per share by losing 25k.

Despite the marginal growth in market indices, the volume of shares closed down as investors bought and sold 279.62 million shares worth N2.82 billion in 4,836 deals.

This contrasted with a turnover of 543.92 million shares valued at N8.19 billion exchanged on Tuesday in 4,682 deals.

During the day, Transcorp was the active stock exchanging 34.91 million shares worth N42.51 million.

Dangote Flour followed with an account of 23.64 million shares worth N450.08 million, while Chams sold 20.73 million shares worth N10.71 million.

Access Bank traded 19.67 million shares worth N135.58 million, while Japaul Oil sold 17.07 million shares worth N6.11 million.

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