NSE Index Rises By 0.11% As Investors Gain N24bn

The Nigerian Stock Exchange (NSE) on Wednesday sustained a positive posture for the third consecutive day as market capitalization appreciated by N24 billion or 0.11 percent to close at N21.094 trillion from N21.069 trillion posted on Tuesday.

The All Share Index recorded an uptick of 45.10 points or 0.11 percent to close at 40,341.05 index points against 40,295.95 recorded the previous day.

The market breadth closed on a positive note with 32 gainers and 16 losers.

A total volume of 468.1 million units of shares, valued at N6.96 billion were exchanged in 5,697 deals.

NSE Index Rises By 0.11% As Investors Gain N24bn

Academy Press, Sovereign Trust Insurance and Veritas Kapital Assurance dominated the gainers’ chart in percentage terms, gaining 10 percent each to close at 33k, 22k and 22k per share, respectively.

BOC Gases followed with 9.92 percent to close at N12.52, while Champion Breweries rose by 9.80 percent to close at N1.12 per share. On the other hand, Chellarams led the losers’ chart in percentage terms losing 9.96 percent to close at N2.26 per share.

Livestock Feeds followed with a loss of 9.74 percent to close at N1.76, while Consolidated Hallmark Insurance shed 8.82 per cent to close at 31k per share.

FTN Cocoa shed 5.88 percent to close at 64k, while Cutix lost five per cent to close at N2.09 per share.

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