NSE All-Share Index grows further by 0.15%

NSE All-Share Index grows further by 0.15%

<p class="">The bulls continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with the key market indices improving further by 0.15 per cent.</p>

<h1>Specifically, the NSE All-Share Index which opened at 25,291.73 inched higher by 38.37 points or 0.15 per cent to close at 25,330.10.</h1>

<p class="">Also, the market capitalisation rose by N20 billion or 0.15 per cent to close at N13.214 trillion from N13.194 trillion achieved on Tuesday.</p>

<p class="">The uptrend was impacted by gains recorded in some large and medium capitalised stocks, Which includes Stanbic IBTC, Northern Nigeria Flour Mills, UACN, Vitafoam and Guinness.</p>

<p class="">Market breadth closed positive with 24 gainers in contrast with eight losers.</p>

<p class="">FTN Cocoa Processors dominated the gainers’ chart in percentage terms, appreciating by 10 per cent to close at 22k per share.</p>

<p class="">NNFM followed with 9.76 per cent to close at N4.50, while University Press grew by 9.56 per cent to close at N1.49 per share.</p>

<p class="">Champion Breweries garnered 7.06 per cent to close at 91k, while UACN appreciated by 6.48 per cent to close at N5.75 per share.</p>

<p class="">Conversely, Cornerstone Insurance led the laggards’ chart in percentage terms, losing 9.68 per cent to close at 56k per share.</p>

<p class="">Africa Prudential followed with 6.67 per cent to close at N4.20, while Wapic Insurance lost 2.94 per cent to close at 33k per share.</p>

<p class="">Learn Africa dipped 2.73 per cent to close at N1.07, while Custodian Investment shed 2.04 per cent to close at N4.80, per share.</p>

<p class="">Fidelity Bank drove the activity chart having accounted for 26.57 million shares valued at N47.27 million.</p>

<p class="">United Bank for Africa sold 19.48 million shares worth N125.97 million, while Access Bank accounted for 18.95 million shares valued at N121.29 million.</p>

<p class="">FBN Holdings traded 17.83 million shares worth N89.19 million, while Zenith Bank transacted 10.20 million shares valued at N172.79 million.</p>

<p class="">In all, the volume of shares transacted declined by 28.09 per cent with an exchange of 180.73 million shares worth N1.36 billion in 3,411 deals.</p>

<p class="">This was in contrast with 251.34 million shares valued at N1.17 billion exchanged in 3,713 deals on Tuesday.</p>

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