Trading activities on the floor of the Nigerian Stock Exchange, NSE, closed in the Green Zone on Wednesday, March 2, as the All Share Index leaped by 2.25% to close at 25,396.83 points.
Consequently, the Year-to-date (YTD) depreciation dropped to 11.33%.
Similarly, the Market Capitalization appreciated by 2.24% to close at N8.74trn, compared with the appreciation of 1.09% recorded yesterday to close at N8.54trn.
The impressive Full Year (FY), 2015 earnings and dividend declaration of Dangote Cement Plc lead to a strong appreciation in the share price while other stocks that contributed to the appreciation in the market today include Zenith Bank, Dangote Sugar, ETI, and Access Bank.
The total value of stocks traded on the floors of The NSE today was N1.64bn, up by 48.78% from N1.10bn traded yesterday. The total volume of stocks traded was 275.08mn in 3,344 deals.
The three most actively traded stocks were: UBA (40.41mn), UCAP (40.12mn) and Zenith Bank (28.44mn). The most actively traded sectors were: Financial Services (248.19mn), Conglomerates (9.54mn) and Consumer Goods (6.82mn).
