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Thursday, May 19, 2022

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Nigeria’s equity market closes up 0.08%, lifted by Unilever, Lafarge gains

By Samuel Bankole

Nigeria’s equity market ticks up marginally on Friday to close the week up by 0.08 percent, lifted by gains in Unilever and Lafarge Africa, data from the Nigerian Exchange Group (NGX) showed.

The market main index, the All-Share Index (ASI) was up 32.28 points to close at 39,522.34 compared with 39,490.06 it closed the previous day.

Market capitalisation of listed equities also increased by N17 billion or 0.08 per cent to close at N20.59 trillion from N20.57 trillion in the previous day.

The total volume traded closed with an exchange of 188.840 million units valued at N3.22 billion traded in 3,267 deals.

On Thursday, a total of 570.20 million shares worth N2.28 billion exchanged in 3,764 deals.

The market breadth was positive with 20 gainers compared with 15 losers.

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The NGX 30 Index increased by 0.12 percent to close at 1,638.09 points as against 1,636.13 points as on the previous day. Market turnover closed with traded volume of 111.52 million units.

Unilever and Lafarge Africa were the key gainers, while FCMB and UBN were the key losers.

Unilever share gains 7.99 percent to close at N15.55 per share, Lafarge Africa share ticks up 2.29 percent to close at N22.30 per share while Fidelity Bank rose by 2.04 percent to close at N2.50 per share.

Flour Mills Nigeria was the most active stock, exchanging 52.47 million shares valued at N1.59 billion.

Honey Well Flour followed with an account of 15.49 million shares worth N31.64 million, while Sterling Bank sold 13.68 million shares valued at N21.17 million.

Wema Bank traded 13.35 million shares worth N10.52 million, while FBN Holdings traded 10.88 million shares valued at N78.89 million.

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