NSE Index Gains 1.10% Amid Sustained Bargain Hunting Activity
By Our Correspondent
The domestic market index advanced by 1.10 per cent to close at 35,225.22 points on Tuesday, amid sustained bullish activity even as the Exchange printed 28 gainers as against 14 losers at the close of trading session.
The year-to-date gain of the NSE ASI rose to 31.23 per cent, as investors were bullish on blue-chip stocks such as Dangote Cement, WAPCO, Guaranty Trust Bank and Zenith Bank; hence their respective shares prices rose by 3.72 per cent, 7.14 per cent, 1.67 per cent and 3.98 per cent.
Performance across subsector gauges tracked was positive as most of the sub-indices tracked closed in green save for the NSE Consumer Goods index which fell by 0.09 per cent.
The NSE Insurance led the gainers by 3.50 per cent, followed by the NSE Industrial, NSE Banking and NSE oil/Gas index by 2.40 per cent, 2.04 per cent and 0.42 per cent respectively.
Meanwhile, activity in the market was mixed as total deals and volume of stocks traded rose by 4.81 per cent and 26.98 per cent to 4,354 deals and 0.26 billion units respectively.
However, the value of stocks traded fell by 20.36 per cent to N2.9 billion.
