MTN Goes Public as NSEASI closed 0.54% Higher, Thursday

Trading activities on the floor of the Nigerian stock exchange on the day MTN Nigeria went public closed positive as the All Share Index gained 0.54%, to settle at 28,438.19 points as against the previous close of 28,286.08 points.

Market capitalisation closed at 12.526trillion, advancing by 17.87% from the previous close of N10.627 trillion, thereby gaining N1.899 trillion

Volume and Value of traded stocks appreciated by 76.73% and 35.38% to close at 312 million units and N2.8 billion respectively.

Market Breadth

10 stocks closed positive against 25 that closed negative, bringing the market breadth to a negative round off.

Percentage Gainers

NPF Micro-finance Bank PLC led other percentage gainers closing 9.70% above the previous close of N1.34 to settle at N1.47

ABC Transport grew 7.41%, WAPIC and UNIONDAC gained 5.56% and 4.35% of their share prices ahead of other stocks on the gainers’ chart

Percentage Losers

Unity Bank tops the losers’ chart losing 9.72% of its share price. This is followed by CUTIX and Sovereign Insurance both shedding 8.33% and 8.00 % respectively.

Volume Drivers

TRANSCORP traded 105million units of its shares, as the highest traded volume of stock for the day, involved in 96 deals and valued at about N130 million

READ ALSO: MTN Nigeria lists on Premium Board of NSE today

 

 

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