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Home Sectors BUSINESS & ECONOMY NSE Index Gains 0.27% on Sustained Rally
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NSE Index Gains 0.27% on Sustained Rally

March 13, 2017
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    \Forte Oil

    Transactions on the floor of Nigerian Stock Exchange, NSE, on Friday, March 10, sustained an upward buoyed by gains in premium and consumer goods stocks.

    The All Share index surged by 0.27% to close at 25,238.01 points 67.65 points higher than previous closing figure of 25,170.36 points.

    Likewise market capitalization appreciated by N23.4 billion to close at N8.734 trillion, compared to N63.8 billion gained on Thursday when the market cap closed at N8.710 trillion.

    Unilever sat atop the advancers’ chart with 9.86 percent gain to close at N32.30 per share, Honey Well Flour Mills followed with a growth of 9.38 percent to close at N1.05 per share.

    Air Service also added 4.68 percent to close at N2.91 per share. NEM and Julius Berger closed 4.60 percent and 4.11 percent higher each to close at 91 kobo and N40.25 per share respectively.

    Conversely, Union Bank led the losers’ pack  with a loss of 4.69 percent to close at N4.67 per share, it was trailed by Livestock Feeds which shed 4.29 percent each to close at 67 kobo per share.

    Total followed with a drop of 4.23 percent to close at N272 per share, Guinness dropped 2.93 percent to close at N66.01 per share, while ETI lost 2.62 percent to close at N10.03 per share.

    Top traded stocks for the day were Zenith Bank with N87.2 million shares worth N1.3 billion, Diamond Bank was next with 38.6 million shares valued at N30.9 million while FBN Holdings emerged the third most traded stock with 30.1 million units of shares worth N90.3 million.

    Access Bank and UBA also made it to the top five traded stocks for the day, having transacted 22 million and 19.3 million units of shares each, worth N146.9 million and N96.7 million respectively.

    Investors at the end of trading session had moved 245.4 million units of shares valued at N2.3 billion in 3,260 deals as against 216 million units worth N2.2 billion traded in 3191 deals previously.

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