Equities See Recovery as NSE Index Scoops 3.91%

The resumption of bullish run on the Nigerian Stock Exchange, NSE, on Wednesday, January 20, halted the lingering southward movement.

The All-Share Index recorded the highest day-on-day gain since the year began by 3.91% to 23,335.01 points, compared with the depreciation of 0.42% recorded Tuesday, January 19.

Year-to-date (YTD), the Index depreciated by 18.53%.

Similarly, the Market Capitalization appreciated by 3.91% to close at N8.03trn, compared with the depreciation of 0.42% recorded yesterday to close at N7.72trn.

The appreciation recorded in the share prices of FBN Holdings, GT Bank, Zenith Bank, Nestle and Dangote Cement were mainly responsible for the increase in the value of the Index.

The total value of stocks traded on the floors of The NSE today was N1.58bn, down by 19.92% from N1.97bn traded yesterday. The total volume of stocks traded was 242.53mn in 3,865 deals.

The three most actively traded stocks were: FCMB (37.29mn), UBA (36.17mn) and GT Bank (23.39mn). The most actively traded sectors were: Financial Services (205.36mn), Consumer Goods (10.32mn) and Services (7.33mn).