Heavyweight stocks push up the Index
It was a reverse role at the Nigerian Stock Exchange on Thursday as heavyweight stocks that were responsible for the Wednesday downturn helped the exchange return positive.
The All Share Index closed 0.72% higher, with WtD return jumping to 0.63% while YtD settled at 29.91%.
Dangote Cement NB and FBNH were bullish, gaining 2.11%, 1.68% and 0.33% respectively. Market mood remained on the bullish end at 1.52x reflecting higher positive sentiments with 32 leaders vs. 21 laggards.
All NSE sector indices closed positive save for the NSEBNK10 which lost 0.84% majorly due to losses on GUARANTY (-1.00%) and ZENITHBANK (-1.21%).