NSE All Share Index ends week with 0.14% gain
Market pulse on the Nigerian Stock Exchange (NSE) today – Friday, January 27th, 2017 ended the week on a positive note as the stock market closed green due positioning by investors. This was further highlighted by positive performance from the NSE Subsectors: Consumer Goods and Oil & Gas (Save Banking and Insurance). Trading activities increased in volume as 237.75m shares worth of N2.19n billion in 2,725 deals exchanged hands today. This is an increase from the 146.49m shares worth of N1.19 billion in 3,013 deals which exchanged hands on Thursday. Topping in volume terms are: Champion Breweries Plc, Zenith Bank Plc and Diamond Bank Plc, while Zenith Bank Plc and Nigerian Breweries Plc ended trading as the most active stocks in value terms. Brent crude oil price today dips to US$55.55 per barrel compared to yesterday figure.
The All Share Index (NSEASI) closed positive with 0.15% (+38.27) increase to close at 26,328.22 from 26,289.95 the previous trading day. Market capitalization appreciated in tandem to N9.06 trillion from N9.05 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with an increase of 0.14% to close at 109.42 from 109.27 recorded at the end of the previous trading day, while its market capitalization stood at N8.52 trillion from N8.51 trillion of the previous trading day.
Market breath closed positive as 14 stocks gained on the bourse today while 22 stocks declined, leaving 63 stocks unchanged. 7-Up Bottling Comp. Plc emerged as the day’s toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 5.57% to close at N108.00 per share. It was followed by Total Nigeria Plc with a gain of 4.90% to close at N298.96 per share. Others on the gainers list include: Nigerian Aviation Handling Company Plc, Unity Bank Plc and Oando Plc; while on the decliners’ list, National Salt Co. Nig. Plc lead the pack with a loss of 4.86% to close at N7.83 per share. It was followed by Transnational Corporation Of Nigeria Plc with a loss of 4.71% to close at N0.81 per share. Others on the decliners list include: Fidson Healthcare Plc, Custodian And Allied Insurance Plc and Diamond Bank Plc.