Operators attributed the improved performance to investors’ positive sentiment in blue-chip stocks that have been consistent in dividend payout.Afrinvest Securities said: “In the final trading session, we anticipate mild profit-taking to dent the week’s bullish run.”Vetiva Dealings and Brokerage said: We expect the positive trading pattern to filter into tomorrow’s session, closing out the week on a positive note.”
Investors traded 873.492 million shares valued at N31.542 billion in 4342 deals against 252.938 million shares worth N8.925 billion in 4218 deals.
On the price movement chart, 27 stocks appreciated, while seven others constituted the losers’ chart.
Northern Nigeria Flour Mills (NNFM) led the gainers’ chart with 9.92 per cent to close at N7.20 kobo, while Learn Africa followed with a gain of 9.32 per cent to close at N1.29, kobo. Cadbury Nigeria added 7.95 per cent to close at N9.50 kobo. Linkage Assurance also increased by 7.55 per cent to close at 57 kobo.
Ardova Plc dipped by 2.60 per cent to close at N13.10 kobo. FCMB declined by 1.67 per cent to close at N2.95 kobo. HoneyWell Flour dipped by 1.49 per cent to close at N3.30 kobo.
On the activity chart, CWG was the most active stock during the day, exchanging 517.576 million shares valued at N300.194million.
Dangote Cement followed with an account of 102.917 million shares valued at N28.779 million. FBNHoldings traded 54.041 million shares cost N647.958 million, Sovereign Trust Insurance traded 20.985 million shares cost N4.886 million.
– The Guardian