Equities trading on the Nigerian Stock Exchange (NSE) closed 0.63 percent or N55 billion higher on Thursday, as lead indicators settled at 25,409.06 and N8.793 billion respectively.

All sector indices topped by the NSE Banking index that rose by 1.40 percent also closed the day on a positive note, as the financial services sector led the day’s trading activities.

First City Monument Bank (FCMB) emerged the most traded stock on Thursday having moved 28.961 million shares valued at N36.909 million. Fidelity Bank moved 20.859 million shares worth N17.126 million; United Capital traded 17.102 million shares at N59.412 million.

Transcorp and UBA emerged the top fourth and fifth most active stocks as they traded 10.1 million and 9.7 million shares each worth N7.348 million and N46.191 million respectively.

The price movement chart showed that Berger led the day’s 13 advancing stocks by 4.93 percent to close at N6.38, Guinness Nigeria was next with a growth of 4.81 percent to close at N68 and Nigerian Police Force Microfinance Bank added 4.55 percent to close at N1.15.

Livestock feeds and Guaranty came fourth and fifth on the gainers list with an appreciation of 4.17 and 3.92 percent to close at 75 kobo and N24.65 per share respectively.

On the other hand, Unilever led 15 stocks that declined with a loss of 4.99 percent to close at N29.16, followed by UACN, which shed 4.98 percent to close at N12.02, UAC-Prop and Vitafoam dropped 4.74 percent each to both close at N1.81, while Dangote Sugar depreciated 3.07 percent to close at N6 per share.

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