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NSE extends rally as market index rises by 0.05%

By The Citizen
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Activities on the trading floor of the Nigerian Stock Exchange closed on Wednesday with the All-Share Index rising by 0.05 per cent or 24.16 points to close at 41,830.89 in contrast to 41,806.73 achieved on Tuesday.

The market capitalisation, which opened at N13.379 trillion, also rose by N7 billion or 0.05 per cent to close at N13.386 trillion.

The volume of shares traded dropped by 13.46 per cent  as 361.312 million shares worth N3.839 billion were traded in 6,411 deals.

This was in contrast to the 417.498 million shares valued at N6.344 billion traded in 6,448 deals on Tuesday.

An analysis of the price movement chart indicated that Dangote Cement still recorded the highest gain to lead the gainers' table by N5 to close at N240 per share.

Presco followed with a gain of N1.50 to close at N39, while Flour Mill gained 98k to close at N88.04 per share.

Union Dicon Salt appreciated by 35k to close at N13, while Okomu Oil rose by 33k to close at N43.99 per share.

Conversely, Con Oil topped the losers’ chart, losing N5.37 to close at N49.98 per share.

Mobil trailed with a loss of N3.98 to close at N111.72, while UACN lost N3.35 to close at N67 per share.

Guinness depreciated by N2.48 to close at N235.60, while PZ declined by 85k to close at N37.05 per share.

Transcorp emerged the most traded stock, accounting for 34.12 million shares worth N136.92 million.

It was followed by FBNH with 33.41 million shares valued at N522.69, while Unity Bank traded 30.31million shares worth N15.15 million.

Zenith Bank exchanged 29.31 million shares valued at N666.92 million, while FCMB sold 23.48 million shares worth N89.93 million.