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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Strong Bullish Momentum Lifts NSE Index by 0.77%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, ended the week on a positive note as the All Share Index leaped by 0.77% to close at 24,228.79 points. Week-on-week, the Index depreciated by 0.83%. Year-to-date (YTD), it depreciated by 15.41%.

Similarly, the Market Capitalization rose by 0.77% to close at N8.34trn, compared with the appreciation of 0.67% recorded yesterday to close at N8.27trn.

The appreciation recorded in the share prices of FBN Holdings, Zenith Bank, Dangote Cement, Nigerian Breweries, and UBA were mainly responsible for the gain recorded in the Index.

The total value of stocks traded on the floors of The NSE today was N1.73bn, up by 11.79% from N1.54bn traded yesterday. The total volume of stocks traded was 280.39mn in 2,771 deals.

The three most actively traded stocks were: Access Bank (47.79mn), FCMB (40.70mn) and WAPIC Insurance (38.76mn). The most actively traded sectors were: Financial Services (260.67mn), Oil and Gas (5.25mn) and Consumer Goods (5.20mn).

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Comments (5)

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