NSE Index Surges By 0.23% on Healthy Bull Run

Stock Market Dips Further In Face Of More Deals
Trading activities on the floor of the Nigerian Stock Exchange,NSE, kicked of the new market week on a positive note on Wednesday, September 14.

Consequently, the the All Share Index added 0.23 percent or 64.61 points to close at 27,642.13 points, while the Market Capitalisation closed at N9.495 trillion also gaining 0.23 percent or N22.2 billion, while the Year to Date losses was trimmed to -3.49 percent

Topping the day’s 15 advancing stocks were Conoil Plc with a gain of 10.17 percent or N2.42 to close at N26.21 per share, Unilever Plc followed with an appreciation of 4.99 percent or N2.01 to close at N42.28 per share, Africa Prudential Plc added 4.84 percent or 12 kobo to close at N2.60 per share.

Unity Bank Plc grew 2.94 percent or 2 kobo to close at 70 kobo per share and Champion Breweries Plc increased by 2.41 percent or 6 kobo to close at N2.55 per share.

Conversely, Diamond Bank Nigeria Plc led the day’s 19 equities losers with a decline of 5.83 percent or 7 kobo to close at N1.13 per share, Sterling Bank Plc followed with a depreciation of 4.95 percent or 5 kobo to close at 96 kobo per share, Transnationwide Express Plc and FCMB Plc equally lost 4.67 percent or 5 kobo to close at N1.02 per share each, while Aiico Insurance Plc depreciated 4.48 percent or 3 kobo to close at 64 kobo per share.

The top three traded stocks were: Guaranty Trust Bank Plc with the sale of 43.3 million shares worth N1.2 billion, followed by Diamond Bank Plc that exchanged 31.0 million shares worth N35.6 million, and First City Monument Bank (FCMB) Plc traded 21.9 million stocks valued at N22.6 million.

Market activity as measured by volume indicated that investors on the bourse moved 182.3 million units of shares valued at N1.9 billion in 2,776 deals.