Stock Market Sustains Bullish Momentum As Index Gains 0.81%

Transactions on the floor of the Nigerian Stock Exchange, NSE, traveled farther north on Monday, March 21, as the All Share Index appreciated by 0.81% today to 25,902.95 points.

Year-to-date (YTD), the NSE ASI depreciated by 9.56%.

The appreciation recorded in the share prices of GT Bank, UACN, Lafarge Africa, Dangote Cement and Zenith Bank were mainly responsible for the gain recorded in the Index. In addition, the share price of United Capital appreciated by 9.41%.

The total value of stocks traded on the floors of The NSE today was N2.07bn, up by 9.27% from N1.89bn last Friday. The total volume of stocks traded was 412.47mn in 3,285 deals.

The three most actively traded stocks were: Zenith Bank (50.05bn), Fidelity Bank (47.62mn) and Afromedia (45.49mn). The most actively traded sectors were: Financial Services (237.61mn), Consumer Goods (59.52mn) and Services (47.52mn).