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Home Sectors BUSINESS & ECONOMY NSE Index Adds 0.90% as Bullish Trend Thrives
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NSE Index Adds 0.90% as Bullish Trend Thrives

December 2, 2016
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    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, December 1, maintained the upward trajectory recorded in the previous trading session.

    As such lead indices of the bourse recorded a growth of 0.90 percent,  with the All Share Index (NSE ASI) gaining 23.45 points to close at 25,265.08 points.

    Mobil was again at the top of the advancers’ chart gaining number 10.25 percent, to close at N294 per share. Forte Oil trailed behind, adding 10.22 percent to close at N59.20 per share, while Portland Paints recorded a gain of 9.27 percent to close at N1.65 per share.

    Okomu Oil recorded a gain of 5 percent to close at N38.01 per share as Oando emerged the fifth top gainer with a growth of 4.75 percent to close at N3.97 per share.

    Conversely, Nigerian Aviation Handling Company of Nigeria topped losers’ chart, with a 4.92 percent drop to close at N2.32 per share, Cement Company of Northern Nigeria depreciated by 4.91 percent to close at N4.26 per share and UAC  dipped by 4.70 percent to close at N2.23 per share, Neimeth Pharmaceuticals depreciated 4.17 percent to close at 69 kobo per share, and Wapic Insurance fell 3.85 percent to close at 50 kobo per share.

    For the fourth consecutive day, Wema Bank emerged the most traded stock fwith 542.5 million shares valued at N292.9 million, Diamond Bank followed with 81.5 million units of shares worth N73.4 million while Access Bank came third with the sale of 36.5 million shares worth N198.3 million.

    Guaranty Trust Bank traded 23.7 million shares worth N541.2 million and FCMB sold approximately 17.7 million shares at N17.6 million.

    Overall, investors exchanged a total of 773.9 million shares worth N1.9 billion in 2,334 deals, in contrast to the 414.2 million shares traded in previous session worth N3.418 billion in 2,567 deals.

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