NSE Index Scoops 0.01% As Bull Momentum Thrives

Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, February 21, closed green for the third consecutive session as lead market indices leaped. As such, the All share Index and Market Capitalization appreciated by 0.01 percent each to close at 25,251.63 basis points and N8.739 trillion.

Meanwhile, market breadth closed negative with Custodian and Allied Insurance led the day’s eleven gainers by 4.94 percent to close at N3.40, Nigerian Breweries was next with a growth of 4.33 percent to close at N125 and Continental Reinsurance added 3.81 percent to close at N1.09.

FBN Holdings and Capital Hotel came fourth and fifth on the gainers list with an appreciation of 3.15 and 2.78 percent to close at N3.27 and N3.70 per share respectively.

Conversely, Forte Oil led twenty two stocks that declined on Tuesday with a loss of 5.41 percent to close at N53.20, followed by Dangote Flour, which shed 5.12 percent to close at N3.89, WAPCO and Unilever dropped 5.00 percent each to close at N39.90 and N82.30 respectively and PZ Nigeria depreciated 4.93 percent to close at N13.88.

Presco emerged the day’s most traded equity with an exchange of 34.5 million shares worth N1.6 billion. It was trailed by United Capital that accounted for approximately 19 million shares valued at N70.7 million. Transcorp recorded the sale of 13.1 million shares worth N10.3 million; Zenith Bank exchanged 8.9 million shares valued at N132.3 million while Initiates Plc traded 6 million shares worth N4.9 million.