Dipo Olowookere
By Dipo Olowookere
The positive momentum on the floor of the Nigerian Stock Exchange (NSE) was further sustained on Thursday.
Equities in the banking space supported the growth recorded today, leaving the nation’s bourse 0.36 percent higher to drop the year-to-date loss down to 1.40 percent.
The All-Share Index (ASI) appreciated by 111.04 percent to finish at 30,989.60 points, while the market capitalisation increased by N43 billion to settle at N11.558 trillion.
A look at the sector performance showed that apart from the industrial index, which went down by 0.97 percent, every other industry closed in the green territory.
The insurance sector was the biggest gainer, growing by 1.10 percent. The Banking sector followed with 0.65 percent rise, consumer goods marginally rose by 0.01 percent, while the oil & gas space appreciated by 0.13 percent.
The market closed with 27 price gainers against 20 price losers today, with Dangote Cement growing by N2 to finish at N192 per share.
GTBank rose by 60 kobo to close at N33.60k per share, while Access Bank garnered 35 kobo to end at N6 per share.
FBN Holdings went up by 20 kobo to finish at N7.60k per share, while Flour Mills appreciated by 15 kobo to settle at N19.60k per share.
At the other side, CCNN closed with the heaviest loss, declining by N1 to finish at N24 per unit.
It was followed by Union Bank, which lost 60 kobo to end at N6.15k per share, and Stanbic IBTC, which fell by 50 kobo to close at N47 per share.
The share value of Julius Berger reduced today by 40 kobo to close at N28 per share, while Fidson went down by 25 kobo to settle at N4.70k per share.
Business Post reports that the volume of equities exchanged today by investors reduced by 28.71 percent from 376.3 million to 268.3 million, while the value increased by 6 percent from N3 billion to N3.2 billion.
Unlike yesterday, Zenith Bank topped the activity chart, closing with a turnover of 36.6 million shares sold for N806.5 million.
It was followed by UBA, which traded 31.6 million equities worth N232.4 million, and FBN Holdings, which transacted 29 million shares for N217.4 million.
FCMB sold 20 million units of its stocks valued at N39 million, while Fidelity Bank exchanged 19.3 million equities worth N44 million.
