NSE Market Indices Record 0.60 Per Cent Growth


The market indices of the Nigerian Stock Exchange (NSE) on Thursday appreciated by 0.61 per cent following price appreciation by some highly capitalised equities.


The News Agency of Nigeria (NAN) reports that the All-Share Index rose by 205.88 points or 0.60 per cent to close at 34,414.18 compared with 34,208.30 posted on Wednesday.


Similarly, the market capitalisation increased by N71 billion to close at N11.688 trillion against N11.617 trillion achieved at the close of business on Wednesday.


An analysis of the price movement chart indicated that Forte Oil led the gainers’ chart, appreciating by N7.60 to close at N159.60 per share.


It was followed by 7UP with N5.90 to close at N176, while Flour Mills garnered N1.20 to close at N36.20 per share.


Presco grew by N1.08 to close at N29.99, while Dangote Cement appreciated by N1 to close at N178.50 per share.


On the other hand, Ikeja Hotel topped the losers’ chart, dropping by 35k to close at N3.61 per share.


Skye Bank trailed with a loss of 21k to close at N2.17, while National Salt declined by 17k to close at N8 per share.


Honey Flour Mills lost 15k to close at N3.65 and May & Baker dropped 8k to close at N1.62 per share.


For the third consecutive day, UBA was the most active, accounting for 77.06 million shares worth N397.46 million.


Zenith Bank came second with a total of 54.04 million shares valued N1.19 billion, while Chams traded 44.13 million shares worth N22.07 million.


GT Bank sold 33.97 million shares valued N1.02 billion and Access Bank exchanged 17.13 million shares worth N106.62 million.


In all, a total of 356.60 million shares valued N4.03 billion were traded by investors in 4,182 deals.


This was against the 350.83 million shares valued N3.35 billion transacted in 4,154 deals on Wednesday. (NAN)

Source : Leadership

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