NSE Index Gains 0.69% as Trading Bolts Out of Red Zone

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, June 9, bounced back into the green zone after a three-day downward spiral.

The All Share Index gained 0.69 percent or 186.7 points to close at 27,284.83 points compared with a 1.37 percent loss recorded previously to close at 27,098.18 points .

Similarly, Market capitalization added N64.1 billion to close at N9.371 trillion compared with a decline of N129.6 billion recorded previously to close at N9.307 trillion.

Market breadth closed with 18 gainers to 17 losers. Unity Bank led the gainers for the second consecutive day following an appreciation of 9.09 percent or 10 kobo to close at N1.20 per share, Nestle followed with a gain of 8.98 percent or N68 to close at N825 per share, while Total Oil garnered 4.99 percent or N8.26 to close at N173.63 per share.

N.E.M Plc and D.N. Meyer also gained 4.55 percent and 4.40 percent or 4 kobo respectively to close at 92 and 95 kobo per share respectively.

Conversely, Red Star Express Plc led the days 17 loser as it depreciated by 4.99 percent or 21 kobo to close at N4 per share, Cadbury Plc lost 4.98 percent or 97 kobo to close at N18.51 per share while Honeywell Flour Mills Plc dropped 2.94 percent or 5 kobo to close at N1.65 per share. A.G. Leventis and Cement Company of Northern Nigeria fell 2.17 and 1.96 percent or 2 and 14 kobo to close at 90 kobo and N7 per share respectively.

At the end of the day’s trading, investors exchanged 182.7 million shares in 3,631 deals valued at N1.6 billion compared to a total of 261 million shares valued at N1.22 billion exchanged in 3,591 deals on Wednesday.