NSE Index Up 0.07% on Sustained Upward Trajectory

The Nigerian Stock Exchange, NSE, on Wednesday, March 15, maintained the upward trajectory as lead market indices appreciated by 0.07 percent.

As such, the NSE All Share Index closed the day at 25,301.23 points, rising by 16.67 points while market capitalization leaped by N5.7 billion to close at N8.756 trillion.

Africa Prudential Registrars sat atop the gainers’ table adding 8.12 percent to close at N2.53 per share, Continental Reinsurance was next with a growth of 8.11 percent to close at N1.20 per share.

Honeywell Flour Mills also soared 5 percent to close at N1.05 per share. Unilever increased 4.95 percent to close at N33.90 and United Capital closed 4.83 percent higher to close at N2.82 per share.

Nigerian Aviation Handling Company led the day’s losers with a loss of 4.76 percent to close at N2 per share, Neimeth followed having shed 4.48 percent to close at 64 kobo per share.

Forte Oil was next with a decline of 4.38 percent to close at N47.81 per share, Ashaka Cement dropped 3.47 percent to close at N10 per share, while Transcorp lost 2.70 percent to close at 72 kobo per share.

Top traded stocks for the day were Diamond Bank with N95.7 million shares worth N82.4 million, FBN Holdings was next with 42 million shares valued at N131.5 million while Fidelity Bank emerged the third most traded stock with 19.1 million units of shares worth N15.9 million.

United Capital and UBA also made it to the top five traded stocks for the day, having traded 11.2 million and 10.5 million units of shares each, worth N31.2 million and N54.5 million respectively.

At the end of trading, investors consequently drooped N2.2 billion on 233.8 million units of shares traded in 3,196 deals as against 227.8 million units of shares valued at N928.5 million traded by investors in 2,543 deals on Tuesday.