NSE sustains growth as ASI increases further by 0.25 pct
Activities on the Nigerian Stock Exchange (NSE) on Wednesday sustained positive growth with the All-Share Index improved further by 0.25 per cent.
The index rose by 91.23 points or 0.25 per cent to close at 36,622.85 compared with 36,531.62 achieved on Tuesday.
In the same vein, the market capitalisation which opened at ₦12.574 trillion inched ₦101 billion to close at ₦12.675 trillion, amid gains by some highly capitalised equities.
An analysis of the price movement chart indicated that Seplat Petroleum Development Plc led the gainers table, gaining ₦10 to close at ₦490 per share.
Glaxosmithkline came second with a gain of ₦1.20 to close at ₦25. 20 and NASCON appreciated by 89k to close at ₦15.22 per share.
UACN added 87k to close at ₦18.38, while Dangote Flour Mills advanced by 36k to close at ₦7.50 per share.
Conversely, Forte Oil recorded the highest loss, leading the losers’ table with a loss of ₦2.23 to close at ₦42.42 per share.
Mobil Oil trailed with a loss of ₦1.85 to close at ₦156 and International Breweries shed ₦1.72 to close at ₦54.50 per share.
Cutix was down by 22k to close at ₦2.13, while UPL dropped by 11k to close at ₦2.11 per share.
NAN reports that the volume of shares traded was upbeat as investors bought and sold a total of 332.99 million shares valued at ₦4.66 billion exchanged in 3,577 deals.
This was in contrast with a turnover of 199.86 million shares worth ₦1.81 billion traded in 3,657 deals on Tuesday.
The United Bank for Africa emerged the most traded with an exchange of 85.18 million shares worth N795.02 million.
Zenith International Bank came second with 43.46 million shares valued at ₦1.14 billion and Access Bank traded 41.13 million shares worth ₦407.92 million.
Fidelity Bank sold 21.64 million worth ₦34.68 million, while Guaranty Trust Bank traded 19.07 million shares valued at ₦800.57 million.
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