Stock Market Trading Holds on To Bullish Momentum As Index Scoops 0.51%

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, April 20, sustained its positive run from  Wednesday as benchmark indices climbed by 0.51%compared to an appreciation of 0.13 percent recorded previously.

The All-Share Index which opened at N24, 659.17 points soared by 125.78 points to close at 24,784.95 points as Market Capitalization similarly added N43.3 billion to close at N8.53 trillion.

Top three traders for the day in terms of volume were First bank Holdings Plc which sold 19.2 million shares worth N64.23 million followed by Guaranty trust Plc with a sale of 19.13 million shares valued at N305.4 million while Zenith Bank exchanged 15.98 million shares worth N187.2 million.

Tiger Branded Consumer Goods Plc. led the day’s 23 gainers with a gain of 9.96% or 24 kobo to close at N2.65 per share, followed by Eterna Oil Plc which added 9.41% or 16 kobo to close at N1.86 per share.

UAC-PROP Plc also increased by 5% or 20 kobo to close at N4.20 per share, while Oando Plc. added 4.88% or 20 kobo to close at N4.30 per share. Dangote Sugar similarly gained 4.84% or 25 kobo to close at N5.42 per share following shareholders’ approval of N6 billion dividend at the companies AGM held in Lagos Wednesday.

Skye Bank Plc. topped the day’s 11 losers with a decline of 5.88% or 6 kobo to close at 96 kobo per share, followed by AIRSERVICE which closed 5% or 10 kobo lower than its previous trading value to close at N1.90 per share, while CUSTODYINS Plc. decreased by 4.87% or 19 kobo to close at N3.71 per share.

John Holt Plc. likewise lost 4.76% or 4 kobo to close at 80 kobo per share, while Jos International Breweries Plc., fell by4.64% or 7 kobo to close at N1.44 per share.

Summarily, investors on the floor of the stock exchange, traded a total of 159.3 million shares valued at N1.1billion in 2,698 deals compared to 228.9 million shares worth N1.4 billion exchanged in 3,239 deals previously.