Trading at the Nigerian Stock Exchange, NSE, on Thursday, March 9, halted previous session’s negative movements to post a growth of 0.74 percent following gains recorded in share price of Dangote Cement and 15 others.
Thus, the All Share-Index closed higher at 25,170.36 points compared to 24,986.02 points posted in previous session when the ASI shed 0.57 percent, reducing yea- to-date losses to -6.29%
Likewise, market capitalization surged by N63.8 billion to close at N8.710 trillion in comparison with N49.6 billion lost on Wednesday when the market cap closed at N8.647 trillion.
The industrial Index led other sectoral indices by 2.43 percent on account of a 5 percent increase in Dangote Cement’s Share price, while other sector indices closed in red.
Dangote Cement and Nestle led 16 gainers by 5 percent each to close at N159.75 and N725.55 per share respectively, Medview Airline appreciated 4.90 percent to close at N1.50 per share, NEM added 4.82 percent to close at 87 kobo per share, while Honeywell Flour Mills grew 4.35 percent to close at 96 kobo per share.
Nigerian Breweries led the day’s 9 losers by 5 percent to close at N130.36 per share, Guaranty Trust Bank was next with a decline of 4.87 percent to close at N24.61 per share.
Nigerian Aviation Handling Company dropped 4.78 percent to close at N2.19 per share, Transcorp lost 4 percent to close at 72 kob per share and Forte Oil lost 3.18 percent to close at N50.50 per share.
Zenith Bank was the most active stocks with N45 million shares worth N659 million, Fidelity Bank was next with 34.7 million shares valued at N30.4 million while Guaranty Trust Bank emerged the third most traded stock with 33.9 million units of shares worth N828.9 million.
United Capital and UBA also made it to the top five traded stocks for the day, having transacted 14.8 million and 12.7 million units of shares sold each, worth N34.5 million and N63.5 million respectively.