Bull Sentiment Gathers Strength as NSE Index Gains 1.14%

The bear sentiment racing through the Nigerian Stock Exchange, NSE, in the past few days,came to a screeching halt on Thursday, January 28.

All Share Index gained 1.14 per cent to close at 23,598.85 points from 23,333.34 on Wednesday while market capitalisation also rose from N8.025 trillion to N8.116 trillion.

The market recorded 27 gainers today led by Access Bank with a gain of N0.35 or 9.21 per cent to N4.15 followed by Tigerbrands with a gain of N0.07 or 5.93 per cent to close at N1.25 while UBA gained N0.14 or 5.09 per cent to close at N2.89 per share.

On the other hand, Unilever topped 13 stocks on the losers’ chart with N3.80 loss or 9.73 per cent to close at N35.24 followed by Forte Oil that lost 15.67 or 5.00 per cent to close at N297.83 per share, and NPF Microfinance Bank that lost N0.05 or 5 per cent to close at N0.95 per share.

All together, a total of 273,064,602 shares worth N2.007 billion exchanged hands in 2,794 deals.