NSE: Market index grows by 0.88%

By The Citizen

For the third consecutive trading day, indicators of the Nigerian Stock Exchange (NSE) closed in the positive trajectory as they appreciated by 0.88 per cent each.

Market Capitalisation closed higher at N11.250 trillion after it appreciated by N98.278 billion as against N11.152 trillion it recorded on Tuesday, while the All Share Index closed at 33,967.48 points after it appreciated by 296.73 basis points as against 33,670.75 points recorded in the previous trading day.

Meanwhile, investors bought and sold a total of 299.912 million shares valued at N7.595 billion in 6,120 transactions as against 280.704 million shares valued at N3.738 billion in 5,118 transactions recorded on Tuesday with the financial services sector accounting for a total of 214.598 million shares, valued at N1.781 billion in 3,048 transactions as against223.557 million shares, valued at N2.120 billion in 2,874 transactions recorded on Tuesday.

However, the banking sub-sector of the financial services sector saw investors bought and sold 116.526 million shares valued at N1.393 billion in 1,764 transactions as against 145.622 million shares valued at N1.603 billion in 1,641 transactions recorded on Tuesday.

At the close of trading, 36 companies made it to the gainers' table as against 46 on Tuesday, while 27 were on the laggards' table as against 13 recorded in the previous day.

7 Up Bottling Company led the advancers' table on Wednesday when it grabbed 708 kobo to close at N148.83 per share, followed by petroleum marketer, Forte Oil, appreciated by 534 kobo to close at N207.99 per share, Cadbury Nigeria gained 392 kobo to close trading at N42.30 per share,  among others.