Bullish Momentum Relaxes as NSE Index Sheds 1.26%

Transactions on the Nigerian Stock Exchange, NSE, closed Tuesday, February 16 in the red zone as the All Share Index lost 1.26 per cent to close at 24,514.91points from 24,827.50 on Monday, February 15.

The market recorded 16 gainers today led by May & Baker with a gain of N0.04 or 5.00 per cent to N0.84 followed by Glaxosmith with a gain of N1.04 or 4.98 per cent to close at N21.93 while Eterna gained N0.09 or 4.92 per cent to close at N1.92 per share.

On the other hand, Champion topped 16 stocks on the losers’ chart with N0.15 loss or 5.00 per cent to close at N2.85 followed by Caverton that lost N0.09 or 4.86 per cent to close at N1.76 per share, and Learn Africa that lost N0.04 or 4.65 per cent to close at N0.82 per share.

All together, a total of 290,944,208 shares worth N2.881 billion exchanged hands in 2,934 deals.

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