NSE Index Up By 0.18% As Bull Tightens Reins

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, August 17, held on to the bullish momentum that dominated previous trading sessions on the bourse.

As such, the All Share Index jumped by 0.18 percent to close at 27,437.25 points compared to Tuesday’s growth of 0.27 percent when the ASI closed at 27,389.02 points.

Market breadth closed positive with 22 gainers to 17 losers. Appreciation recorded in the share prices of Total Plc which added N3 to close at N251 per share, Nestle that added N1.01 to close at N825.01 per share, ETI which grew by 92 kobo to settle at N11.48 per share.

Guaranty Trust Bank Plc’s addition of 41 kobo to close at N25 per share, and WAPCO’s growth of 3 kobo to close at N55.3 per share, were the top five stocks responsible for the growth recorded in the NSE ASI, trimming the Year-to-Date (YTD) returns to -4.21 percent.

International Breweries Plc led the day’s loser with a depreciation of N1 to close at N19 per share, Cement Company of Northern Nigeria Plc lost 59 kobo to close at N6.01 per share, Zenith Bank Plc fell by 25 kobo to close at N15 per share. UACN Plc declined by 2 kobo to close at N19 per share and Ikeja Hotel Plc depreciated by 9 kobo to close at N1.71 per share.

The top three traded stocks were: Access Bank Plc which sold 66 million shares worth N362.3 billion, UBA Plc 57.1 million shares worth N248.2 million and Guaranty Trust Bank Plc exchanged 32.3 million stocks worth N825.3 million.

The total volume of stocks traded in 3,438 deals was 297.5 million shares in contrast to 235.9 million traded in 3,512 deals in previous session.