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UBA Leads Activity Chart as Equities Market Extends Bullish Trading - THISDAYLIVE

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UBA Leads Activity Chart as Equities Market Extends Bullish Trading via thisdaylive

The bull run at the stock market was sustained yesterday lifting the Nigerian Stock Exchange All-Share Index further by 0.90 per cent to close at 27,586.93. Similarly, market capitalisation added N117 billion to close higher at N13.4 trillion. The sustained positive performance followed investors’ interest in Dangote Cement Plc and banking stocks, especially, Zenith Bank Plc, UBA Plc and Access Bank Plc. Consequently, the year –to-date gains have hit 2.7 per cent.

Cutix Plc and Wema Bank Plc went up by 7.5 per cent and 5.4 per cent in that order, just as Zenith Bank Plc and United Bank for Africa Plc garnered 5.0 per cent and 4.9 per cent respectively. Following the gains by the banking stocks, the NSE Banking Index recorded the highest appreciation of 1.85 per cent. The NSE Industrial Goods Index rose by 1.7 per cent. Similarly, the NSE Insurance Index rose by 1.2 per cent, just as the NSE Consumer Goods Index gained 0.47 per cent. Conversely, the NSE Oil & Gas Index shed 0.42 per cent.

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