NSE Index Up 2.43% As Bullish Sentiments Open New Month

Transactions at the Nigerian Stock Exchange, NSE, on Monday, August  1, flagged off the new month with an upswing as lead indices recovered from shocking bear appearance that halted the 16 straight bullish session.

All Share Index scooped 2.43 percent to close at 36,720.62 points, driving year to date returns to 35.8 percent while Market Capitalisation added N302.1billion to close at N12.656 trillionThe Industrial, Insurance and Consumer Goods indices recorded the highest gains of 1.67 percent, 1.21 percent and 1.19 percent respectively while the Oil and Gas emerged the day’s lone loser with a depreciation of 1.25 percentLinkage Assurance led the days’ gainers with a surge of 9.84 percent to close at 67 kobo, Nascon Allied Industries followed with a gain of 7.97 percent to close at N11.25 and Dangote Cement increased 7.26 percent N240 per share.

On the flip side, Morison Industries sat atop the laggards’ chart with a loss of 9.23 per cent. This was followed by Forte Oil which fell 7.62 percent while Eterna lost 5.26 percent to close at N3.60 per share.Dangote Cement topped activity chart with the sale of 417.8 million shares worth N87.8 billion, FBN Holdings sold 61.0 million shares worth N367.5 million, and Access traded 39.9 million shares worth N399.6 million.At the end of trading session, investors moved a total of 849.6 million shares worth N94.0 billion in 5,602 deals.