Bullish Run Reinforces Market Dominance as NSE Index Leaps By 1.09%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, March 1, sustained upward trading as the All Share appreciated by 1.09 per cent to close at 24,838.31 basis points, compared with the 1.41 per cent appreciation recorded previously.

The market capitalization, which started yesterday with N8.452 trillion rose by 1.10 per cent to close at N8.545 trillion.

However, market turnover closed negative as volume declined by 65.81 per cent against 66.6 per cent uptick recorded in the previous session

Zenith Bank Plc, FCMB Plc and Transnational Corporation Plc were the most active to boost market turnover with Zenith Bank top on market value list.

Evans Medical Plc led the list of active stocks that recorded impressive volume spike at the end of the trading.
Market breadth closed positive as Dangote Cement Plc led 20 gainers against 15 losers topped by Forte Oil Plc at the end of the trading which was an improvement when compared with previous outlook.

Top on gainers’ log was Dangote Cement Plc with a gain of N7.08 kobo to close at N148.83 kobo, followed by Seplat Petroleum Development Company Plc with N3.30 kobo to close at N352.30 kobo, Mobil Nigeria Plc with N2.98 kobo per share to close at N159.95 kobo.