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Home Companies and Markets

Equity market in a year high as ASI rises by 1.3%

metro by metro
May 9, 2017
in Companies and Markets
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The equity market appreciated to a year high today as The Nigerian Stock Exchange All Share Index (NSE ASI) rose by 1.28% to close at 26,756.21 points.

The appreciation recorded in the share prices of Nigerian Breweries, Zenith Bank, GT Bank, FBN Holdings and Dangote Cement were mainly responsible for the gain recorded in the Index.

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The Year-to-date Index depreciated by 0.44%.

Similarly, the Market Capitalization appreciated by 1.28% to close at N9.25trn, compared with the appreciation of 0.70% recorded yesterday to close at N9.13trn.

The total value of stocks traded on the floors of The NSE was N2.82bn, down by 13.55% from N3.26bn recorded yesterday.
The total volume of stocks traded was 539.23mn in 4,519 deals.

The three most actively traded stocks were: FCMB (243.86mn), Zenith Bank (52.29mn) and UBA (42.52mn), while the most actively traded sectors were: Financial Services (488.45mn), Conglomerates (23.43mn) and Consumer Goods (9.78mn).

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