NSE Index Clinches 2.27% As Blue Chip Stocks Rally

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Transactions on the floor of the Nigerian Stock Exchange, NSE, closed on Tuesday, June 21, in the Green Zone as market lead indicators rose comfortably on improved performances of Blue Chip stocks.

The All Share Index added 652.81 points to close at 29,422.71 compared with a decline of 477.37 points on Monday at 28,769.90 basis points.

Leading trading activity were GTBank which traded 104.9 million shares worth N2.3 billion, UBA which exchanged 104.9 million shares valued at N513 million and Zenith Bank which sold 83.7 million shares worth N1.4 billion.

Glaxosmithkline Plc led the day’s 37 gainers with an appreciation of 10.20 percent or N1.53 to close at N16.53 per share, Champion Breweries Plc increased by 9.19 percent or 34 kobo to close at N4.04 per share, as Access Bank Plc followed with a gain of 5.17 percent or 30 kobo to close at N6.10 per share. Nigerian Aviation Handling Company (NAHCO) Plc added 4.98 percent or 20 kobo to close at N4.22 per share, while Dangote Sugar Plc advanced by 4.95 percent or 33 kobo to close at N6.99 per share.

Conversely, Trans-nationwide Express Plc topped the day’s 10 losers as it depreciated by 8.92 percent or 14 kobo to close at N1.43 per share, NEM Plc lost 4.81 percent or 5 kobo to close at 99 per share while Unity Bank Plc dropped 4.27 percent or 5 kobo to close at N1.12 per share. Caverton Plc fell by 4.11 or 6 kobo to close at N1.40 per share, Honeywell Flour Mills plc depreciated by 3.17 percent or 6 kobo to close at N1.83 per share.

At the end of the day’s transactions investors traded 533.3 million shares valued at N6.8 billion compared investors in 5,736 deals compared to 416.7 million shares worth N2.3 billion traded in 4,684 deals previously.

 

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