Flour Mills, MTNN, NB Led gainers chart as All-Share cross 41,000 mark

Date:

Lagos, Jan. 15, 2021 The bulls maintained leadership position on the Nigerian Stock Exchange (NSE) on Friday with the All-Share Index crossing 41,000 mark due to gains by bluechips.

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Specifically, the index which opened at 40,963.14 improved by 213 points or 0.52 per cent to close at 41,176.14.

Also, the market capitalisation inched higher by N112 billion or 0.52 per cent to close at N21.530 trillion against N21.418 trillion recorded on Thursday.

An analysis of the price movement shows that Flour Mills led the gainers’ table, gaining N2.80 to close at N32.80 per share.

MTN Nigeria Communications followed with N2 to close at N170, while Presco also gained N2 to close at N74 per share.

Nigerian Breweries added N1.95 to close at N60, while UACN increased by 75k to close at N8.25 per share.

Conversely, Ardova topped the losers’ chart, dropping by N2.15 to close at N19.70 per share.

May and Baker trailed with 22k to close at N3.63, while Zenith Bank lost 10k to close at N26.30 per share.

Unilever was down by 5k to close at N13.45, while Sterling Bank dipped 4k to close at N2 per share.

Further analysis of the activity chart indicates that Japaul Gold was the most active stock, accounting for 115.83 million shares worth N174.90 million.

Access Bank followed with account of 47.97 million shares valued at N461.74 million, while Mutual Benefits Insurance sold 42.58 million shares worth N17.88 million.

Guaranty Trust Bank trailed with a turnover of 38.62 million shares valued at N1.28 billion, while United Bank for Africa traded 37.31 million shares worth N341.93 million.

In all, investors traded 666.61 million shares valued at N6.39 billion in 6,980 deals.

This was lower when compared with 809.36 million shares worth N8.91 billion achieved in 6,706 deals on Thursday.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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