NSE index gains 0.45%, 27 stocks rise

The equities segment of the Nigerian Stock Exchange closed on a positive note for the second day this week on Tuesday on the back of gains by 27 stocks.

The gains lifted the NSE All-Share Index by 136.07 basis points or 0.45 per cent from 29,882.28 basis points to 30,018.35 basis points.

Similarly, the market capitalisation of the listed equities was up by 0.45 per cent or N45bn from N9.953tn to N9.998tn.

Since it declined on Friday to close last week at N9.846tn, the market capitalisation has appreciated in the two days of trading this week by N152bn.

It was a largely positive performance as only two of 10 market indicators – the NSE Consumer Goods Index and the NSE Oil and Gas Index – declined on Tuesday.

The banking sub-sector led the activity chart, accounting for 45.3 per cent of the 396.808 million shares worth N3.814bn exchanged by investors in 4,885 deals.

In the sub-sector,179.767 million shares worth N1.340bn were traded in 1,799 deals.

Volume in the sub-sector was driven by trading in the shares of Access Bank Plc, Diamond Bank Plc, Zenith Bank Plc, Skye Bank Plc and Guaranty Trust Bank Plc.

While 27 equities recorded price appreciation, 10 others recorded price depreciation.

The National Salt Company of Nigeria Plc led the gainers, rising by 9.85 per cent or 64 kobo to close at N7.14 per share.

UAC Property Development Company Plc followed with a 9.42 per cent or 86 kobo share price appreciation to close at N9.99 per share.

Zenith Bank and Dangote Flour Mills Plc rose by five per cent each to close at N16.80 and N3.15 per share, while Guaranty Trust Bank appreciated by 4.98 per cent or N1.02 to close at N21.51 per share.

On the other hand, Union Dicon Salt Plc emerged the day’s biggest loser after it shed five per cent or 69 kobo to close at N13.11 per share.

 Vitafoam Plc was down by 2.01 per cent or seven kobo to close at N3.42 per share, while Nigerian Breweries Plc and Africa Prudential Registrars Pls shed 2.01 per cent and 1.79 per cent to close at N146 and N2.75 per share, respectively.


Source : Punchng


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