NSE ASI slides further by 0.15%
Market pulse on the Nigerian Stock Exchange (NSE) today – Tuesday, October 18th, 2016 ended on a bearish note as the stock market closed red today. This was further highlighted by negative performances from the NSE Sub sectors: Banking, Insurance, Oil & Gas and Consumer Goods. Trading activities increased in volume as 130.52 million shares worth of N1.41 billion in 1,630 deals exchanged hands today. This is an increase from the 255.81 million shares worth of N778 million in 2,588 deals which exchanged on Monday. Topping in volume terms were Ecobank Transnational Incorporated, FBN Holdings Plc and United Bank for Africa Plc while Ecobank Transnational Incorporated and Total Nigeria Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed negative with 0.15% (-41.70) decrease to close at 27,593.29 from 27,634.99 the previous trading day. Market Capitalization depreciated in tandem to N9.48 trillion from N9.49 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with a decrease of 0.26% to close at 114.43 from 114.73 recorded at the end of the previous trading day, while its market capitalization stood at 8.91 trillion from 8.93 trillion of the previous trading day.
A total number of 13 stocks gained on the bourse today while 27 stocks declined, 59 leaving stocks unchanged. Total Nigeria Plc emerged as the day’s toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 6.45% to close at N303.97 per share. It was followed by PZ Cussons Nigeria Plc with a gain of 2.22% to close at N18.40 per share. Others on the gainers list include: FBN Holdings Plc, Honeywell Flour Mill Plc and Skye Bank Plc; while on the decliners’ list, Diamond Bank Plc led with a loss of 5.00% to close at N1.14 per share. It was followed by Seplat Petroleum Dev. Co. Ltd with a loss of 5.00% to close at N361.00 per share. Others on the decliners list include: GlaxoSmithkline Consumer Nig. Plc, Cadbury Nigeria Plc and UACN Plc.