NSE Index Scoops 2.14% As Bullish Trade Sustains Rally

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, June 16, maintained movements north for the second consecutive day following the release of the new forex guideline.

The All Share Index leaped by 2.14 percent to close at 28,489.87 points compared to the increase of 3.17 percent or 857.91 points achieved on Wednesday to close at 27, 891.96 points.

Similarly Market capitalization gained N205.4 billion to close at N9.784 trillion compared to a gain of N294.6 billion recorded previously to close at N9.579 trillion.

Market Breadth closed with 32 gainers to 15 losers. Champion Breweries Plc led the days gainers as it appreciated by 9.87% or 30 kobo to close at N3.34 per share, Unity Bank Plc increased by 8.33% or 9 kobo to close at N1.17 per share, WAPCO followed with a gain of 7.29% or N5.03 to close at N74.01 per share, while Wema Bank added 6.33% or 5 kobo to close at 84 kobo per share. Nigerian Breweries advanced by 5.99 % or N8.01 to close at N141.76 per share.

Conversely, GSK Plc topped the days losers as it depreciated by 9.65% or N1.51 to close at N14.13 per share, Learn Africa Plc lost 4.11% or 3 kobo to close at 70 kobo per share while Nigeria Police Force Micro Finance Bank Plc dropped 4.03% or 5 kobo each to close at N1.19. Africa Prudential Plc and Unilever Plc fell by 3.49% and 97% or 11 and 32 kobo to close at N3.04 and N32.7 per share respectively.

The day’s top three traders were UBA which traded 165.5 million shares worth N778.3 million, Zenith Bank which sold 74.6 million shares worth N1.3 billion and FBNH which exchanged 43.7 million shares valued at N187.1 million.

At the end of the day’s transactions, investors exchanged 618.2 million shares valued at N5.4 billion in 6,757 deals compared to 588.4 million shares worth N3.5 billion exchanged in 5,088 deals previously.