MARKET INDICES AT LIMITS AT NSE

Today Friday February 24, market indices at the Nigerian stock market reached their limits as many non bssket equities set the pace for price changes.

Of the eleven sub indices presently used to gauge market performance only one ended the day with drop: Lotus index which decreased by 0.07% to 1606.5.

All others increased with banking index leading with 1.4% to 603.5; followed by 1.36% recorded by consumer goods index and 1.06% rise by main board index.

However, the All shares index (ASI) closed 0.62% down, not up thus implying that gainers were more of equities not in sub index valuation basket.

Top gainer both in % and Naira terms was Beta Glass which gained N1.82 or 4.9% to record a rare 3 deals for 53,600 units.

It led 12 gainers for the day with 6 of them topping up by above 4% per share.

There were 19 losers led by AIICO Insurance in % terms recording 8.33% drop to N0.55 as mere ten deals were sealed for day high 97,543,676 units offload.

Thus there were also six equities with above 4% drops in % terms but in Naira pacesetters were Nestlé down N6 per share, and Nigerian Breweries with minus N3.99 per share.

Volume closed considerably up by 76.8% to 259,311,981 shares while number of deals dropped by 6.28% to 2402.

Following from quite a distance AIICO's day high volume was Zenith International's day high 389 deals for 28,409,737 units and UBA's 16,529,198 shares sold in 120 deals.

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