The Nigerian Stock Exchange Industrial Index at the close of trading activities for the fourth week in the month of March closed on a bullish note at the back of 5.08% increase in the shares of BUA CEMENT and 2.27% increase in Dangote Cement shares.
At the close of trading activities on the Nigerian Stock Exchange on the 26th March 2021, the industrial index improved by 55.01 index points, to close higher at 1,928.18 index points for the week.
When compared to the overall performance of the market, the NSE Industrial index performed better than the NSE All-Share Index and the market capitalization. Note that the NSE All-Share Index and Market Capitalization appreciated by 2.17% to close the week at 39,216.20 and N20.518 trillion respectively.
What you should know
The NSE Industrial Index was designed to provide an investable benchmark to capture the performance of the Industrial Sector. It comprises the most capitalized and liquid companies in the industrial sector and is based on the market capitalization methodology.
The index monitors the performance of ten industrial companies on the Nigerian Stock Exchange which includes Dangote, BUA, and Lafarge Cement.
The overall performance of the companies for the week was bullish, as the index closed on a positive note driven by the increase in the share price of BUA Cement.
BUACEMENT (5.08%) was the top gainer for the week, followed closely by CAP (5.00%) and DANGCEM (2.27%), while LAFARGE WAPCO was the only loser for the week.
- BUACEMENT up by 5.08% to close at N73.50.
- CAP up by 5.00% to close at N21.00.
- DANGCEM up by 2.27% to close at N225.00.
- WAPCO down by -4.87% to close at N21.50.