The NSE All Share Index continued the bullish stance as the benchmark index advanced by +1.90% to close at 33,268.36 points. Sustained demand for stocks across board buoyed the index performance in the day. Specifically, telecommunication giant MTNN (+2.43%) advanced, while Guinness (+10.00%), Glaxosmith (+9.85%), NB (+9.52%), PZ (+9.09%),Presco (+5.84%) and Cadbury (+6.95%) all amassed point in the session. Also the commercial lenders: Sterlnbank (+10.00%), Fbnh (+8.45%), ETI (+7.26%), UBN (+5.17%), Access (+4.49%), Zenithbank (+4.49%), UBA (+3.41%), and Guaranty (+2.86%) all advanced. Other notable movers were Buacement (+2.42%), Wapco (+3.81%), Ardova (+3.82%)Dangsugar (+0.26%) and UACN (+5.00%).
Market turnover was impressive at N9.06bn ($23.78mln), buoyed by trades in Zenithbank, Guaranty, Dangcem and Fbnh. The NSEASI ytd return improved to +23.94%. We expect the market to witness the same sentiments in the next session.
