Nigerian Stock Market on Bullish run

12 Nov Nigerian Stock Market on Bullish run

The Nigerian Stock Market continued its bullish run yesterday with the All Share Index (ASI) rising by 1.90% to close at 33,268.36 points. Investors gained N324.63 billion to close market capitalization at N17.38 trillion while the Year-to-Date (YTD) returns stood at +22.35%.

A total volume of 858.1 million units of shares, valued at N9.06billion exchanged hands in 8,142 deals. FBNH was the most traded shares by volume at 145.0 million units, while Zenith Bank topped by value with 1.52 billion.

There were 39 gainers to 11 losers. MTN Nigeria Communications led the gainers with a gain of N6.10 to close at N156.20. Stanbic IBTC Holdings followed with a gain of N2 to close at N48. NASCON Allied Industries rose by N1.40 to close at N15.45 while Dangote Sugar Refinery added N1.30 to close at N19.40 per share.

On the negative side, Nestle Nigeria led the losers with a drop of N21.70 to close at N1,400 while Lafarge Africa dropped by 45 to close at N21 per share.

Total turnover stood at 578.8 million shares worth N7.7 billion. Zenith Bank was the most active stock with a turnover of 67.9 million shares worth N1.6 billion.