NSE Index Spikes by 1.34% on Sustained Bullish Trend

Trading activities on the floor of theNigerian Stock Exchange, NSE, sustained its positive momentum as All-Share Index climbed further on Friday, January 29 by 1.34% to 23,916.15 points, compared with the appreciation of 1.14% recorded on Thursday, January 28.

Week-on-week, the Index appreciated by 0.38%, while Year-to-date (YTD), it depreciated by 16.50%.

Likewise, the Market Capitalization appreciated by 1.34% to close at N8.23trn, compared with the appreciation of 1.14% recorded yesterday to close at N8.20trn.

The appreciation recorded in the share prices of GT Bank, Guinness, Stanbic IBTC, Nestle and Zenith Bank were mainly responsible for the rise in the value of the Index.

The total value of stocks traded on the floors of The NSE today was N2bn, up by 17.47% from N1.70bn traded yesterday. The total volume of stocks traded was 241.37mn in 3,270 deals.

The three most actively traded stocks were: FCMB (32.18mn), Diamond Bank (31.93mn) and Access Bank (29.65mn). The most actively traded sectors were: Financial Services (203.60mn), Conglomerates (9.93mn) and Consumer Goods (8.92mn).