Activities on the Nigerian Stock Exchange (NSE)
remained on a bullish trend on Friday with the All-
Share Index crossing the 33,000 mark for the first time
since June 2015.

NAN reports that the index, being led by Oscar Onyema
(pictured), grew by 338.70 points or 1.03 per cent to
close at 33,276.68 against 32,937.98 achieved on
Thursday.

Similarly, the market capitalisation inched N117 billion
or 1.03 per cent to close at N11.503 trillion compared
with N11.386 trillion posted on Thursday due to huge
gains by some blue chips.

A breakdown of the price movement chart indicated
that Seplat led the gainers’ table, growing by N43.56
to close at N468.56 per share.

Market analysts attributed Seplat’s steady price
appreciation to recovering of lost crude output after
force majeure was lifted on the Forcados export
terminal.

Seplat said in a statement that the lifting of the force
majeure helped it to successfully reinstate gross
production at its oil mining licences (OMLs) 4, 38 and
41 to levels last seen before the terminal’s closure.

Further analysis of the price movement table showed
that Forte oil followed with N5.97 to close at N64.30
and International Breweries increased by N2.99 to
close at N32.23 per share.

Presco gained N2.97 to close at N62.50, while Total
N2.50 to close at N282 per share.

On the other hand, Flour Mills topped the losers’ pack
with a loss of N1.20 to close at N27.60 pet share.

Mobil trailed with a loss of N1.14 to close at N285.86,
while Nigerian Breweries shed 50k to close at N156
per share.

Unilever declined by 45k to close at N35.55, while UPL
depreciated by 37k to close at N3.46 per share.

NAN also reports that Access Bank was the toast of
investors in volume terms, accounting for 125.01
million shares valued at N1.29 billion.

It was trailed by FCMB Group with 105. 75 million
shares worth N147.48 million, while Diamond Bank
sold 72.96 million shares valued at N108.26 million.

FBN Holdings traded 71.99 million shares worth
N504.32 million and Fidelity Bank exchanged 55.78
million shares valued at N80.12 million.

In all, a total of 686.30 million shares worth N6.07
billion were exchanged by investors in 6,785 deals
against 528.69 million shares valued at N4.84 billion
in 5,603 on Thursday.

TheCable