Nigerian bourse sustain bullish run as index adds 3.4% Wednesday

Nigerian bourse on Wednesday appreciated 3.4 per cent to a 32-month high on improving sentiment after most listed firms announced increases in half-year earnings while the year-to-date return stood at 36.71 per cent.
A traders attributed the main reasons behind the rally to improved half-year result of major listed stocks n The Exchange.
The main share index rose for the third straight day, nearing the 37,000 point index level last reached in November 2014.
The All-Share Index (NSE ASI) and the Market Capitalization increased by 3.40 percent while the All-Share Index closed at 36,740.77 against the previous close of 35,533.00 and the Market Capitalization closed at ₦12.663 trillion against previous close of ₦12.246 trillion.
Volume traded decreased by 34.69 per cent from 513.445 million to 335.340 million, while the total value of stock traded decreased by 21.26 per cent from ₦5.897 billion to ₦4.643 billion in 5,385 deals.
The Financial Services sector led the activity chart with 264.013 million shares exchanged for ₦2.966 billion. Consumer Goods came next with 20.528 million shares traded for ₦0.437 billion, Healthcare, Conglomerates, Oil And Gas sectors followed in that order on the activity chart.
FBNH, UBA, Zenithbank, Access and Fidelitybk were the most active stocks by volume. Conoil, Fidson, Oando, Presco and Zenithbank emerged the highest price gainers on the chart, while AIICO, SCOA, UBN, Neimeth and Custodyins topped the losers chart.