DEC 20, 2018: UP, DOWN? CHECK ! AT NIGERIAN STOCK EXCHANGE

With one day more to end of the trading week, the All Share Index at the Nigerian Stock Exchange on Thursday confirmed a new up today, down tomorrow trend.

The ASI closed at 30,802.90, up 0.32% after Wednesday's 0.35% decrease. Earlier, on December 13, the same trend was punctuated when the ASI closed 0.24% down instead of up.

Since the trend resumed and got confirmed on Thursday as it rose by 0.32% on the back of 17 gains and 22 price drops.

Seplat Petroleum jumped by N37.8 or 6.81% per share to lead the gainers as found and closed at N593 per share compared to N555.2 previously. It however recorded only 6 deals for 0.146m shares worth N87.106m.

Also very much part of the critical pressure on ASI upwards, was N5 of 2.15% per share gain by Dangote Cement while witnessing 98 deals for 2.042m shares valued at N380.390m

The rest gains were below N1 per share in contrast to price drops where 3 were above this borderline.

Nestle Nigeria set the pace with N10 or 0.68% drop again, as it simply found and closed at N1460 per share compared to N1470 on Wednesday.  Nestle ended 64 deals for 0.113m  valued at N165.829m.

The 2 other major drops were Total Nigeria's N3 or 1.54% per share decline in the course of 19 deals for 0.039m shares worth N7.576m and N1.25 or 6.56% per share drop by Cement Company Of Northern Nigeria while recording 65 deals for 1.102m shares worth N19.989m.

There was a great boost in traded volume from Wednesday's 200.997m shares to 545.980m shares mainly as 274.173m shares were offloaded in Union Dixon in just 11 deals worth N65.812m.

Top number of deals was Zenith Bank's 307 for 3rd placed 20.809m shares valued at day high N838.476m. Zenith shed N0.05 per share in the process.

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