Stock Market Trading Gains Traction As Index Soars By 2.19%

Transactions on the Nigerian Stock Exchange, NSE, rallied further on Thursday, February 11 as the NSE All Share Index (NSE ASI) jumped by 2.19% to close at 24,664.89 points.

Year-to-date (YTD), the NSE ASI depreciated by 13.89%.

Likewise, the Market Capitalization appreciated by 2.19% to close at N8.48trn, compared with the appreciation of 0.64% recorded yesterday to close at N8.30trn.

The appreciation recorded in the share prices of Dangote Cement, Forte Oil, UBA, Zenith Bank, and Access Bank were mainly responsible for the gain recorded in the value of the Index.

The total value of stocks traded on the floors of The NSE today was N3.29bn, up by 80.58% from N1.82bn traded yesterday. The total volume of stocks traded was 414.34mn in 3,380 deals.

The three most actively traded stocks were: Wema Bank (200.55mn), GT Bank (63.23mn) and Zenith Bank (30.71mn). The most actively traded sectors were: Financial Services (375.50mn), Consumer Goods (14.67mn) and Oil & Gas (10.81mn).