NSE Index Gains 0.24% on Strong Buy Interest

Stock Market Dips Further In Face Of More Deals

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, February 22, sustained the bullish momentum as trading closed green.

Consequently, the All Share Index appreciated by 0.24% in the day’s trading session following the buy interest across most sectors.

Positive performances recorded in the lead indices of the bourse trickled down as Market breadth index closed positive with 24 advancers paired against 17 decliners. JapaulOil emerged the best performer adding 5.41%, while UNIC lost 6.67% to top the laggards’ chart.

The NSE Banking Index gained 0.71% following the gains in UBA, FBNH, Access Bank, Zenith Bank and UBN.

The NSE Industrial Index added 0.17%, largely driven by 0.49% gain in WAPCO.

NSE Oil and Gas Index grew by 0.70% following 4.78% gain in Total.

NSE Consumer Goods Index dropped 0.34%, on the heels of 1.29% loss in NB, 2.73% loss in Dangote Sugar and 0.18% loss in INTBREW.

Fidelitiy Bank led the market in terms of volume with c.63million units of shares worth c.N189million.

 

 

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