Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, February 23, reversed bear trend as lead market indicators appreciated at the end of trading.
The All share index added 0.63 percent to close at 25,409.06, while market capitalization appreciated by N55 billion to settle at N8.793 billion.
All sector indices closed positive with the NSE Banking index leading with a gain of 1.40 percent, as the financial services sector led the day’s trading activities.
The price movement chart showed that Berger led the day’s 13 gainers by 4.93 percent to close at N6.38, Guinness Nigeria was next with a growth of 4.81 percent to close at N68 and Nigerian Police Force Microfinance Bank added 4.55 percent to close at N1.15.
Livestock feeds and Guaranty came fourth and fifth on the gainers list with an appreciation of 4.17 and 3.92 percent to close at 75 kobo and N24.65 per share respectively.
Conversely, Unilever led 15 stocks that declined with a loss of 4.99 percent to close at N29.16, followed by UACN, which shed 4.98 percent to close at N12.02, UAC-Prop and Vitafoam dropped 4.74 percent each to both close at N1.81, while Dangote Sugar depreciated 3.07 percent to close at N6 per share.
First City Monument Bank (FCMB) emerged the most traded stock on Thursday having moved 28.961 million shares valued at N36.909 million. Fidelity Bank moved 20.859 million shares worth N17.126 million; United Capital traded 17.102 million shares at N59.412 million.
Transcorp and UBA emerged the top fourth and fifth most active stocks as they traded 10.1 million and 9.7 million shares each worth N7.348 million and N46.191 million respectively.
