Market grows by 411.40 basis points



Transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday opened in bullish trend as the All Share Index ASI grew by 411.40 basis points.
The NSE trading result showed that ASI increased by 1.07% to 38707.14 points from 38295.74 traded the previous day.

Also the market capitalisation of the listed equities appreciated by N132 billion or 1.07% to N12.433 trillion or N12.301 trillion recorded on Friday.
A review of trading during the day indicated that investors bought 337.305 million shares worth N3.112 billion in 5074 deals against 520.430 million shares valued at N3.513 trillion exchanged by investors in 5107 deals.

Financial Service sector was the most active in volume terms with account of 295.358 million shares worth N2.297 billion in 3271 deals. Banking sub sector was the toast of investors, accounting for 166.261 million shares cost N1.727 billion in 1902 deals.
Other financial service sub sector came second in the sector accounting for 91.359 million shares valued at N546. 599 million 1019 deals

Access Bank which enhanced activities in banking sub sector exchanged 56.786 million shares cost N437.118 million in 260 deals. Conglomerates sector boasted by Transnational Corporation of Nigeria followed in the actvity chart, with a total of 16.566 million shares valued at N78.911 million in 241 deals.

The result further showed that Dangote Cement led the gainers table, appreciating by N2.40 kobo to close at N237.40 kobo, Nigerian Breweries followed with a gain of N0.93 kobo to close at N5.93 kobo while, Dangote Sugar Refinery, Zenith International Bank and FBN Holdings improved by N0.85 kobo, N0.65 kobo and N0.59 kobo respectively to close at N11.59 kobo, N20.55 kobo and N12.58 kobo.

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