NSE remains Bullish as ASI Rallies by 0.40%, Thursday

The Nigerian Bourse for 6 consecutive trading sessions has been on the upward trend. On Thursday, the market closed in green as the All Share Index grew further by 0.40% to close at 30,583.21 points from the previous close of 30,460.68 points on Wednesday.

Market capitalisation grew by 0.40% to close at N11.405 trillion against the previous close of N11.359 trillion, gaining N46 billion.

Volume of traded stocks declined by 24.46% to close at 231 million units while value of traded stocks grew by 55.12% to close at N3.26 billion

Market Breadth

The market breadth for the day closed positive as 23 stocks gained against 15 that lost.

Percentage Gainers

Neimeth with 9.84% growth led other percentage gainers to close at N0.67 from the previous close of N0.61.

NEM grew 9.71% to close at N2.26 from the previous close of N2.06. Sovereign Trust Insurance, Royal Exchange and Jaiz Bank also grew 9.09%, 8.33% and 8.00% respectively among other stocks on the gainers’ list.

Percentage Losers

ETRANZACT tops the losers’ chart, shedding 9.87% of its share price to close at N3.56 from the previous close of N3.95

Resort Savings & Loan and Cornerstone Insurance also shed 9.68% and 9.09% respectively among others on the losers’ chart.

 Volume Drivers

  • Diamond Bank traded about 59.56 million units of its shares in 95 deals, valued at N208.98 million.
  • Guaranty Trust Bank traded about 45.6 million units of its shares in 256 deals, valued at N1.48 billion
  • Zenith Bank traded about 19.8 million units of its shares in 404 deals, valued at N427.57 million

Stocks to Watch

Investors should be on the lookout for the following stocks:

  • VITA FOAM
  • HONEYWELL FLOUR
  • JULIUS BERGER

 

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