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BUSINESS & ECONOMYCapital MarketCOVER

Stock Market Index Gains 0.03% on Renewed Bull Momentum

Transactions on the floor of the Nigerian Stock Exchange, NSE, received a boost on Tuesday, February 2 after renewed bull strength halted the lingering downward trajectory.

The All Share Index leaps marginally by 0.03% to close at 23,834.87 points on compared with the depreciation of 0.37% recorded on Monday, February 1. Year-to-date (YTD), the NSE ASI depreciated by 16.78%.

Likewise, the Market Capitalization soared by 0.03% to close at N8.20trn, compared with the depreciation of 0.37% recorded yesterday to close at N8.19trn.

The marginal appreciation recorded in the share prices of Dangote Cement, UBA, Access Bank, Stanbic IBTC Holdings, PZ Cussons and Dangote Sugar were mainly responsible for the marginal gain recorded in the value of the Index.

The three most actively traded stocks were: UBA (123.03mn), Sterling Bank (50.10mn) and Zenith Bank (33.37mn). The most actively traded sectors were: Financial Services (290.31mn), Consumer Goods (9.63mn) and Conglomerates (3.90mn).

The total value of stocks traded on the floors of The NSE today was N2.41bn, down by 52.67% from N5.10bn traded on Monday.

The total volume of stocks traded was 313.67mn in 3,451 deals.

 

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