NSE Index Adds 0.30% As Positive Sentiments Linger

Stock Market Dips Further In Face Of More Deals

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed Thursday, September 15 in the Green zone as investors gained N28.60 billion.

The All Share Index also leaped by 0.30 percent to settle at 27,725.40 points as Year to Date (YtD) loss dropped to -3.20 percent.

Market breadth closed with 28 gainers to 16 losers. Conoil Plc led advancers table for the third consecutive trading sessions with a gain of 10.23 percent or N2.68 to close at N28.89 per share following the declaration of an impressive 2015 full year results.

Africa Prudential Registrars Plc followed with an appreciation of 8.46 percent or 22 kobo to close at N2.82 per share, Unilever Plc added 6.79 percent or N2.87 to close at N45.15 per share, Sterling Bank Plc grew 5.21 percent or 5 kobo to close at N1.01 per share and Cutix Plc increased by 4.97 percent or 8 kobo to close at N1.69 per share.

On the flip side, Neimeth Pharmaceuticals Plc led the day’s losers with a decline of 8.47 percent or 10 kobo to close at N1.08 per share, Skye and Wema Bank Plc followed with a depreciation of 4.55 percent or 3 kobo each to close at 63 kobo per share respectively, Transcorp Plc lost 4.46 percent or 5 kobo to close at N1.07 per share, while Unity Bank Plc depreciated 4.29 percent or 3 kobo to close at 67 kobo per share.

The top three traded stocks were First City Monument Bank (FCMB) Plc with the sale of 49.4 million shares worth N49.4 million, followed by Access Bank Plc that exchanged 23.5 million shares worth N130.7 million, and N.E.M Plc traded 17.1 million stocks valued at N13.7 million.

Market activity as measured by volume traded appreciated by 9.87 percent and Value traded depreciated by -10.72 percent to settle at 200.28 million units and N1.59 billion respectively.

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