Chevron Oil Nigeria Plc, formerly Texaco Nigeria Plc, led the price gainers on Friday, as investors continued to respond favourably to its new name.
The equity, which has been leading the weekly price gainers� chart in the past two weeks, garnered N5 to close at N150 per share.
Shareholders of the petroleum marketing firm recently approved a change of its name to reflect its ownership.
Investors believe that the activities of Chevron will boost the fortunes of the marketing arm and lead to higher return on investment.
West African Portland Company Plc closed as the second highest price gainer with N3.02 to close at N63.52 per share. Oando Plc and African Petroleum Plc chalked up N1.98 and N1.33 to close at N68 and N41.48 per share, respectively.
On the other hand, Nestle Nigeria Plc, which lost N12.07, led the price losers. Ecobank Transnational Incorporated dipped by N11.57, just as Mobil Oil Nigeria Plc shed N5 per share.
Investors staked a total of N2.203bn on 150.355m shares in 7,480 deals on Friday, as against N2.561bn invested in 120.396m shares in 7,400 deals on Thursday.
However, the banking sub-sector remained the most active on Friday, selling 107.724m sharesvalued at N1.135bn exchanged in 4,027 deals. Bank PHB Plc led the activity chart with 32.284m shares worth N77.311m traded in 93 deals.
Intercontinental Bank Plc closed as the second most traded stock accounting for 11.524m shares worth N176.242m that changed ownership in 364 deals.