NSE Index Adds 0.26% on Extended Stock Rally

Stock Market Dips Further In Face Of More Deals

 

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, August 23, sustained bullish trend with value of lead indices soaring.

The All-Share Index (ASI) rose by 96.73 points or 0.26% to settle at 37,059.21 points, crossing the 37,000 mark again after it dropped few days back.

Similarly, the market capitalisation of the bourse increased by N33.3 billion to close at N12.8 trillion.

Price movement chart showed Nigerian Breweries leading the advancers’ pack with an addition of N2.1k to its share value to settle at N185.2k per share.

Stanbic IBTC jumped by 85k to close at N38.85k per share, while Zenith Bank grew by 45k to end at N23.50k per share.

Access Bank expanded by 39k to finish at N10.24k per share, and Dangote Sugar appreciated by 16k to wrap the day at N13 per share.

Conversely, Total Plc lost N11.51k to close at N228 per share, while 7up fell by N4.84k to settle at N92.12k per share.

Lafarge depressed by N1.49k to close at N57.1k per share, Flour Mills of Nigeria declined by N1.33k to end at N28.52k per share, and Unilever depreciated by 55k to finish at N45 per share.

Zenith Bank was the toast of investors on Wednesday with 57.2 million units sold at N1.3 billion.

UBA transacted 40.6 million shares valued at N378.9 million, while GTBank traded 28.5 million shares worth N1.2 billion.

In addition, Access Bank 24.6 million shares worth N243.3 million, and FBN Holdings sold 12.1 million shares valued at N72.5 million.

At the end of trading today, the volume and value of shares transacted by investors closed higher with 264.3 million shares exchanged in 3,849 deals valued at N5.5 billion.