NSE Index Up 0.62% As Trading Maintains Upswing

Stock Market Dips Further In Face Of More Deals

Investors at the Nigerian Stock Exchange, NSE, have remained positive as activities on the bourse have maintained an upswing for three consecutive days.

Trading activities on Thursday, August 3, closed in the North as lead indices of the bourse  closed at 37,135.23 points.

As such, the All Share Index appreciated by 0.62% to close at 37,135.23 points, driving the Year-to-Date and Month-to-Date returns to 38.18% and 3.60% respectively.

Market breadth remained positive with 25 gainers paired against 17 losers.

Among sector indices, the Consumer Goods (+2.59%), Industrial goods (+2.17%) and Banking (+2.06%) indices led the pack following investor interests in DANGSUGAR (+9.80%), NB (+0.67%), WAPCO (+0.43%), CCNN (+4.93%), GUARANTY (+2.59%) and ZENITH (+1.60%), respectively.

Meanwhile, the Oil and Gas (-2.62%) and Insurance (-0.39%) indices took more dips following selloff in the shares of MOBIL (-3.59%) and AIICO (-3.39%), respectively.

At the end of the day’s trading, total volume surged by 64.18% to 412 million shares, valued at N4.72 billion and exchanged in 4,207 deals.