NSE Index Leaps By 3.31% As Trading Sustains Northward Movement

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Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday, June 24, maintained an upward trajectory as the All Share Index hit 31,000 points.

The ASI took a massive leap of 3.31 per cent to close at 31,071.25 basis points, complementing the 2.40 percent appreciation recorded previously.

Market breadth remained positive as 37 gainers were recorded against 12 losers, an improved performance when compared with previous day’s outlook of 34 gainers versus 17 losers.

Glaxo Smithkline Nigeria Plc led the gainers for the third consecutive day by 10.21 percent, having improved it’s share value with N1.86 kobo to close at N20.07, followed by Champion Breweries which added 10.14 percent or 45 kobo to close at N4.89 per share while Transcorp Plc gained 9.60 percent or 17 kobo to close at N1.94 per share. Total Oil Nigeria Plc appreciated by 8.33 percent or N15 to close at N195 per share and Dangote Cement increased by 5 percent or N9.71 to close at N203.96 per share.

On the other hand, NPF Microfinance Bank led the losers, as it depreciated by 4.88 percent or 6 kobo to close at N1.17 followed by CAP Plc which lost 3.99 percent or N1.44 to close at N34.68 per share while Deap Capital Plc dropped 3.85 percent or 2 kobo to close at 50 kobo per share.

Thomas Wyatt Nigeria Plc depreciated by 3.45 percent or 2 kobo to close at 56 kobo per share and Skye Bank fell by 2.65 percent or 3 kobo to close at N1.10 per share.

Transnational Corporation Plc, United Bank for Africa Plc and Zenith Bank Plc were the most active to boost market turnover, while Zenith Bank sold 96.8 million shares worth N1.7 billion, Transcorp Plc traded 64.4 million shares valued at N124 million and UBA exchanged 61 million shares for N310.5 million.

At the end of trading, 450.5 million shares worth N5.7 billion exchanged hands in 6,360 deals compared to a total of 541.9 million shares worth N7.930 billion traded in 5,727 deals. ‎

 

(Bizwatch)

 

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