Bullish Run Presses On As NSE Index Gains 0.15%

Trading activities on the floor of the Nigerian Stock Exchange, NSE continued its movement North on Thursday, March 10.

The NSE 30 Index leaped 61 points or 0.24% to 25943 on from 25882 in the previous trading session.

The All Share Index (ASI)-the value-based index that tracks prices of all quoted equities; indicated a modest gain of 0.15 per cent to close at 25,923.77 points as against its opening index of 25,885.31 points.

Nigeria NSE 30 Index lost 5031 points or 16.24 percent during the last 12 months from 30,973.80 points in March of 2015.

The Nigeria Stock Market NSE reached an all time high of 43031.83 in July of 2014 and a record low of 19785.03 in December of 2011.

Dangote Cement, Nigeria’s most capitalised stock, led the gainers with a gain of N1.01 to close at N165.01. Flour Mills of Nigeria followed with a gain of 87 kobo to close at N18.38. Oando rose by 42 kobo to close at N4.86. PZ Cussons Nigeria added 30 kobo to close at N25. Dangote Sugar Refinery appreciated by 23 kobo to close at N5.98. TBCG gathered 22 kobo to close at N2.49. Access Bank rose by 20 kobo to close at N4.64. Red Star Express chalked up 19 kobo to close at N4 while Honeywell Flour Mills garnered 14 kobo to close at N1.72 per share.

Total turnover stood at above average at 310.65 million shares valued at N2.06 billion in 3,015 deals. Fidelity Bank was the most active stock with a turnover of 112.42 million shares worth N129.46 million in 97 deals.

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