NSE Index Extends Gains For Fourth Consecutive Day, Adds 1.29%

Transactions at the Nigerian Stock Exchange, NSE, on Wednesday, December 14, closed positive as lead market indices surged.

As such, the All Share Index spiked by 1.29 percent to close at 26,407.64 basis points, compared with a 0.98 percent growth recorded previously to close at 26,071.16 basis points.

Performance across sectors improved all indices recorded growth except the consumer goods index that dropped on the back of a 2.5 percent loss in Unilever.

Market breadth also stayed positive with 32 gainers against 11 losers. Forte Oil headed the advancers’ pack with 10.24 percent to close at N129.10 per share, Vitafoam followed with a growth of 8.6 percent to close at N2.38 per share while Glaxosmithkline added 7.14 percent to close at N15 per share.

Seplat and Livestock feeds also recorded appreciation of 6.71 percent and 4.94 percent to close at N400 and 86 kobo respectively.

Conversely, Fidson Healthcare Pharmaceuticals led 11 losers with a drop of 4.51 percent to close at N1.29 per share, Champion Breweries dropped 4.21 percent to close at N2.50 per share. Airservice lost 3.85 percent to close at N2.50 per share, Learn Africa fell 3.85 percent to close at 75 kobo and Betaglas depreciated 3 percent to close at N32 per share.

At the end of the day, value of trade surged to N4.3 billion from N2.4 billion recorded previously, while volume slipped to 205.4 million units of shares in contrast to 376.7 million units exchanged in previous session.