NSE index sustains bullish trend, add 0.27%

The Nigerian Stock Exchange, NSE, kicked off the new week on Monday, August 7, with sustained bullish trend driving up market value.

The All Share Index surged by 0.27 per cent to close at 37,525.38 basis points, driving YTD return to 39.6 per cent. Likewise, market capitalization appreciated by N34.5 billion to settle at N12.933 trillion.

The Cement Company of Northern Nigeria topped the days 23 gainers with an increase of 10.16 per cent to close at N10.84 per share. CI Leasing followed with an appreciation of 10 per cent to close at N1.10 per share and Dangote Flour ended the day with a growth of 7.61 per cent to close at N5.80 per share.

Livestock Feeds added by 7.53 percent to close at N1 while Cadbury emerged the top fifth gainer with a growth of 5 per cent to close at N12.39 per share.

Conversely, Axa mansard topped the day’s 27 losers as it declined 4.61 percent to close at N2.07 per share, Continental Reinsurance dropped 4.32 percent to close at N1.33 and AG Leventis closed 4.17 per cent lower at 69 kobo per share.

ALSO SEE: NSE index sustains bullish trend, add 0.27%

Africa Prudential Registrars also recorded a drop of 4.15 per cent to close at N3.23 per share while Fidson emerged the day’s top fifth loser with a decline of N3.02 per share.

Access Bank emerged the most traded with a turnover of 46.3 million shares worth N464.5 million, Zenith was next with an exchange of 29.6 million shares valued at N746.2 million and Guaranty Trust Bank sold 25.5 million shares worth N1.024 billion.

UBA accounted for 15.9 million shares valued at N154.7 million, while FBN Holdings exchanged a total of 14.3 million shares worth N89.6 million.

At the end of trading, investors engaged in 4,600 deals slumped to N5.797bn from N6.30bn traded last Friday in 4,132 deals while volume traded dipped to 254.5mn as against 515.5mn units traded previous session.

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