Stock Market Index Surges By 0.45% on Sustained Bull Pressure

Trading activities on the floor of the Nigerian Stock Exchange, NSE, rested in the Green Zone on Tuesday, March 22, as the All Share Index jumped by 0.45% to close at 26,020.32 points, compared with the appreciation of 0.81% recorded on Monday.

Year-To-Date (YTD), the NSE ASI depreciated by 9.15%.

The appreciation recorded in the share prices of Nigerian Breweries, Unilever, Guinness, Nestle and FBNH were mainly responsible for the gain recorded in the Index.

The three most actively traded stocks were: GT Bank (69.61mn), Fidelity Bank (53.31mn) and UBA (32.64mn). The most actively traded sectors were: Financial Services (286.23mn), Consumer Goods (41.28mn) and Conglomerates (7.39mn).

The total value of stocks traded on the floors of The NSE today was N2.46bn, up by 18.80% from N2.07bn yesterday. The total volume of stocks traded was 344.11mn in 4,386 deals.