NSE Index Gains 0.02% Buoyed by Strong Banking Stocks

Stock Market Dips Further In Face Of More Deals

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Monday, December 4, kicked off on a positive note after market shut down on Friday, December 1, for the muslim public holiday.

As such, the All Share Index on Monday, appreciated by 0.02% boosted by a healthy run in banking sector stocks on investors’ improved appetite.

Cadbury led the gainers’ chart surging by 10.12%, followed by LinkAssure, which added 4.84%. On the flip side, Sterling Bank led the laggards’ chart,slumping by 3%, trailed by CILeasing, which lsot 2.99%.

Consumer Goods appreciated by 0.26%, while Oil & Gas Sector added 0.29%. Meanwhile, Banking sector lost 0.13%.

Zenith Bank, growing by 0.20% was the most actively traded stock on the bourse trading 32million units of shares accounting for 24% of total volume.

Meanwhile, total volume and total value traded slumped compared to the closing value last week Thursday, as investors  exchanged 138m units of shares worth N2billion.