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Market Digest Nigeria

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NSE Index Gains 0.74%, As Bull Tightens Reins

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Transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday, February 23, sustained the upward trajectory witnessed on the bourse the last two trading sessions.

Consequently, the All Share Index, ASI, appreciated by 0.74% in Friday’s trading session but dropped 0.16% Week To Date.

Also, Market breadth index closed positive with 26 advancers paired aganst 9 losers.iCAP emerged the best performer, adding 8.57%, while HMARKINS topped the losers’ chart, shedding 7.41%.

The Sectoral Performance chart showed NSE Consumer Goods Index advancing by 1.91%, on the back of the buy interest in NB, which led to a 5.78% growth. Also, the 3.94% growth in HoneyWellFlour and 1.88% growth in INTBREW.

NSE Banking Index gained +0.78% following the 1.74% gain in FBNH, 1.25% gain in Guaranty Trust Bank, 0.78% gain in Access Bank and 0.47% gain in Zenith Bank.

NSE Industrial Index added 0.15%, largely driven by 8.57% gain in CAP and 2.63% gain in FIRSTALUM.

FBNH with 1.74% growth led the market in terms of volume with 42million units of shares worth N483million.

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