Thursday 16 May 2013

NSE index up 0.67%, as GT Bank, ETI, Dangote Sugar, Zenith Bank and FBN Holdings add weight

WorldStage Newsonline-- Trading activities on the Nigerian Stock Exchange closed on a positive note at the end of Wednesday’s trading, as the NSE All Share Index (ASI) appreciated by 0.67 per cent to close at 36,236.49 points, compared with the appreciation of 0.11 per cent recorded Tuesday.
 
The Year-to-Date (YTD) return currently stands at 29.05 per cent. The rise in the Index is as a result of the appreciation recorded in the share prices of some highly capitalised stocks, such as GT Bank, ETI, Dangote Sugar, Zenith Bank and FBN Holdings. The Market Capitalization also appreciated by 0.67 per cent, to close at N11.58 trillion, compared with the appreciation of 0.11 per cent recorded Tuesday to close at N11.51 trillion.
 
The total value traded on the floors of the NSE was N4.72 billion, down by 11.48 per cent from N4.24 billion recorded yesterday. The total volume traded on the floors of the Exchange was 371.26mn in 6,122 deals.
 
The three most actively traded stocks were Fidelity Bank (39.83 million), Zenith Bank (28.71 million) and UBA (28.24 million), while the most actively traded sectors were Financial Services (249.25 million), Oil & Gas (27.55 million) and Conglomerates (23.87 million).

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