Investor Confidence Grows as Market Gains for the Fourth Straight Day

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The All Share Index appreciated for the fourth straight session as investors confidence in the market grows.  The NSE ASI increased marginally by 0.29% to close at 31,495.73 basis points as against 31,403.75 basis points from Wednesday’s trading session. A total of 4,402 deals valued at ₦5.32bn took place, an increase of 75.48% from the last trading session. While a total of 532,289,580 shares were traded on the floor today. Market Capitalization stood at ₦10.795 trillion at the close of trading today.

The Consumer Goods Index was the most profitable of all the Indexes as it appreciated by 2.44%. The NSE 30, Insurance, Industrial and Lotus Indexes all made marginal gains. It was not all good news however, as the Oil and Gas and Banking Index’s fell by -1.03% and -1.59% respectively.

The Advancers were led by NB which gained ₦7.67 to close at ₦134.72. Mobil followed closely gaining ₦4.99 to close at ₦155, while PZ, DANGCEM and TRANSCORP gained ₦3, ₦0.5 and ₦0.24 respectively.

The three day winning streak by FO was halted today as they led the laggards, shedding -₦2.95 to close at ₦200. They were closely followed by 7UP who shed -₦2.5 to close at ₦192.5. FLOURMILL, ETI and OANDO lost -₦1.62, -₦0.6 and -₦0.45 respectively.

Continsure, Guaranty, FBNH, Zenithbank, and WAPIC were the most active stocks on the floor, with a combined worth of ₦2.67bn traded. 

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