Stock Market Sustains Gaining streak for Sixth Consecutive Day with N48billion Gain

The gaining streak on the Nigerian Stock Exchange, NSE, was extended for the sixth consecutive day with N48 billion gain on Monday, February 15.

Market capitalization of 190 listed equities jumped from N8.491 trillion to close the day at N8.539 trillion.

Market breadth closed positively as Seplat Petroleum Development Company led 13 gainers against 25 losers topped by Nestle Nigeria at the end of the trading session which was an improved performance when compared with previous outlook.

Market turnover closed negative as volume dropped by 9.12 per cent against 24.8 per cent decline recorded in the previous session.

Banking stocks drove the market with substantial volume as Zenith Bank Plc traded 140.801 million worth N1.638 billion, followed by Guaranty Trust Bank Plc with 23.188, Fidelity Bank Plc traded 21.165 million valued at N26.327 million and UBA Plc transacted 15.280 million at N44.477 million.