NSE Index Gains 0.07% on Halted Bear Run

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, September 7, made a recovery from a two-consecutive day negative trend.

As such, the All Share Index recorded marginal gain, appreciating by 18.81 points or 0.07 per cent to close at 27,522.62 basis points compared to a depreciation of 0.73% recorded previously to close at 27,503.81 basis points.  Year to Date losses stands at -3.91 percent.

Topping the advancers chart for the day were Skye Bank Plc which grew by 4.62 percent or 3 kobo to close at 68 kobo per share, May & Baker Plc added 4.60 percent or 4 kobo to close at 91 kobo per share.

Diamond Bank Plc appreciated 4.32 percent or 5 kobo to close at N1.20 per share, Wapco increased by 3.02 percent or N1.70 to close at N58 per share and Union Bank of Nigeria rose by 2.76 percent or 11 kobo to close at N4.10 per share.

Conversely, 7up Plc led the day’s declining stocks with a decline of 5 percent or N7.24 to close at N137.66 per share, Vitafoam Plc followed with a depreciation of 5.00 percent or 15 kobo to close at N2.85 per share, Nigerian Aviation Handling Company Plc lost 4.86 percent or 17 kobo to close at N3.33 per share.

Africa Prudential Registrars depreciated 4.64 percent or 11 kobo to close at N2.26 per share and Afri Paints Plc declined 4.63 percent or 12 kobo to close 2.47 per share.

GTBank drove the turnover volume, having accounted for 68.95 million shares valued at N1.85 billion. It was followed by Access Bank with a total of 30.76 million worth N166.34 million and Fidelity Bank sold 26.96 million shares valued at N24.56 million.