- NSE Year-to-date Gains Hit 12.8%
By Nse Anthony-Uko,
ABUJA, (Sundiata Post) – Investors smiled to the bank on Thursday’s trade on the Nigerian Stock Exchange (NSE) as activities on the shares of Dangote Cement, Zenith Bank, Nigerian Breweries among others lifted the market with N282 billion gains.
The share price gains recorded on Thursday by Dangote Cement, Zenith Bank, FBN Holdings and 36 others pushed the stock market up by 2.77 per cent, extending its bullish run to the seventh consecutive trading session.
In summary, the All Share Index (ASI) gained 815.83 absolute points, representing a growth of 2.77 per cent to close at 30,314.14 points, increasing the Year-to-Date gains to 12.80 per cent. Similarly, the market capitalization gained N282 billion, to close at N10.480 trillion.
The upturn was significantly impacted by gains recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, Nigerian Breweries, Flourmill, Zenith Bank and FBN Holdings.
Market breadth was positive, with 39 gainers versus 11 losers. FBN Holdings recorded the highest price gain of 10 per cent, to close at N5.83 per share. May and Baker followed with a gain of 9.40 per cent to close at N1.63, while Learn Africa appreciated by 8.11 per cent to close at 80 kobo per share.
Champion Breweries went up by 6.99 per cent to close at N2.45 and Access Bank rose by 5.53 per cent to cloose at N8.40 per share.
On the other hand, Linkage Assurance led the losers’ chart by 9.52 per cent, to close at 57 kobo per share. Oando followed with a decline of 5.33 per cent to close at N8, while Seven Up declined by 4.99 per cent to close at N90.04 per share.
Jaiz Bank depreciated by 4.21 per cent to close at 91 kobo and Caverton declined by 4.17 per cent to close at 92 kobo per share.
The total volume traded appreciated by 26.59 per cent to 434.43 million shares, worth N4.63 billion, and traded in 5,107 deals. Transactions in the shares of Diamond Bank topped the activity chart with 71.65 million shares valued at N72.65 million. UBA followed with 64.6 million shares worth N507.69 million, while Access Bank traded 44.9 million shares valued at N376.8 million.
FCMB traded 44.3 million shares valued at N52.1 million, while FBN Holdings sold 30.98 million shares worth N180.43 million.