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Business > Capital Market
NSE index up 2.61%, with Skye Bank, UBA, Access Bank most traded
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By Ebenezer Ademola
February 17, 2015 19:15:58pm GMT      |      Views: 22335
L – R: Assistant/Liaison Officer, Imo State Government, Lagos, Mr. Ononugbo Alfred; Chief Executive Officer, the Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema; Nigerian High Commissioner to Singapore, Her Excellency, Nonye Rajis-Okpara; Head, Corporate Services Division, NSE, Mr. Bola Adeeko and Chief Executive Officer, Jagabeauty, Mrs. Ngozy Atta at Closing Gong Ceremony at the Exchange on Tuesday, February 17, 2015.

WorldStage Newsonline—Nigeria’s equity market closed on a positive note Tuesday, as the Nigerian Stock Exchange All Share index (NSE ASI) appreciated by 2.61% to close at 28,452.60 points, compared with the appreciation of 0.52% recorded yesterday.  Year-to-Date (YTD), the Index has depreciated by 17.90%.

Similarly, the Market Capitalization appreciated by 2.61% to close at N9.49trn, compared with the appreciation of 0.52% recorded yesterday to close at N9.25trn.

The appreciation in the Index today could be attributed to the gains recorded in the share prices of some highly capitalised stocks such as: GT Bank, Zenith Bank, FBN Holdings, Dangote Cement and Oando, amongst others.  

The total value of the stocks traded today on the floors of The NSE was N3.50bn, up by 23.79% from N2.83bn traded yesterday.

The total volume of stocks traded was 500.19mn in 4,199 deals. The three most actively traded stocks were: Skye Bank (86.37mn), UBA (85.17mn) and Access Bank (56.39mn), while the most actively traded sectors were: Financial Services (440.31mn), Conglomerates (26.61mn) and Consumer Goods (20.17mn).

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