The upbeat mode driving activities for over a week at the Nigerian Stock Exchange, NSE, has lingered for the 11th consecutive day as lead indices of the bourse on Thursday, July 20 soared higher.
As such, the All-Share Index appreciated by 180.90 points or 0.54 per cent to close at 33,695.83 against 33,514.93 on Wednesday, July 19.
Likewise, the market capitalisation which opened at N11.550 trillion surged by N63 billion or 0.55 per cent to close at N11.613 trillion, amid price appreciation.
An anlysis of the price movement chart indicated that Nestle recorded the highest gain to lead the gainers’ chart with N16.50 to close at N920 per share. Lafarge Africa trailed behind with a gain of N2.60 to close at N54.60 and Dangote Cement garnered one Naira to close at N209 per share. UACN added 81k to close at N17.39, while Flour Mills grew by 58k to close at N25.73 per share.
On the flip side, Mobil Oil led the laggards’ chart, plunging by N5.50 to close at N254.50 per share. 7UP followed with a loss of N4.74 to close at N90.21 and Total shed N3.39 to close at N256.11 per share. PZ dipped by 80k to close at N21.25 and CAP depreciated by 44k to close at N35 per share.
The Financial Services Industry remained the toast of investors with Prestige Assurance emerging the most active with an exchange of 26.76 million shares valued at N13.38 million.
Guaranty Trust Bank came second with 18.75 million shares worth N692. 37 million and Transcorp sold 15.84 million shares valued at N23.88 million.
FBN Holdings accounted for 13.88 million shares worth N84.50 million, while Zenith International Bank traded 11.15 million shares valued at N245. 64 million.
However, the volume of shares traded slumped by 42.24 per cent as investors traded 191.43 million shares valued at N2.18 billion in 3,718 deals, in contrast with a turnover of 331.43 million shares worth N3.24 billion exchanged in 4,055 deals on Wednesday.
