Transactions on the floor of the Nigerian Stock Exchange, NSE, on Monday, January 29, ended positive for the second consecutive trading session.
Consequently, the All Share Index of the Bourse surged by 1.22%.
Furthermore, Market Breadth Gauge closed positive as 41 stocks advanced, compared to 12 stocks that declined with DiamondBank soaring by 9.85%) emerging the best performer on the advancers’ chart, Meanwhle, Dangote Sugar depreciated by 4.56%, leading the losers’ chart.
FCMB emerged the most actively traded stocks with 169million units of shares accounting for c.29% of total volume.
The NSE Industrial Index was the best performer in the sectorial indices, adding 1.73%, largely due to Dangote Cement adding 3.05%.
NSE Banking Index grew by 0.87% as Tier 1 banks like Access Bank added 0.55%, FBNH grew by 2.71% and UBA leaped by 1.56%.
In addition to DiamondBank soared by 9.85%, SKYEBank surged by 9.38% and FCMB closed with a growth of 5.88%.
NSE Oil and Gas Index recorded a healthy run growing by 0.28% following the gain in ETERNA, which added 7.88% and FO’s gain of 1.21%.
NSE Consumer Goods Index ended negative wth a drop of 0.67% as a result of 4.60% loss in Dangote Sugar, FlourMill loss of 1.65%, Guinness loss of 1.79% and NB 0.04% loss.
