NSE All Share Index halts 5-day losing streak with 0.13% gain

Market pulse on the Nigerian Stock Exchange (NSE) today – Wednesday, February 8th, 2017 ended on a positive note compared to the previous day closing as the stock market closed green. This was further highlighted by positive performance from the NSE Subsectors: Banking, Insurance and Consumer Goods (Save Oil & Gas). However, trading activities decreased in volume as 206.37m shares worth of N887m in 1,748 deals exchanged hands today. This is a decrease from the 207.18m shares worth of N1.58 billion in 2,791 deals which exchanged hands on Tuesday. Topping in volume terms are: AIICO Insurance Plc, Diamond Bank Plc and Standard Trust Assurance Plc, while Zenith Bank Plc and Presco Plc ended trading as the most active stocks in value terms. Sequel to previous day’s sharp drop, Brent crude oil dips further to US$54.77 per barrel.

The All Share Index (NSEASI) closed positive with 0.13% (+32.00) increase to close at 25,478.66 from 25,446.66 the previous trading day. Market capitalization appreciated in tandem to N8.78 trillion from N8.77 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with parallel increase of 0.08% to close at 105.70 from 105.61 recorded at the end of the previous trading day, while its market capitalization stood at N8.23 trillion from N8.22 trillion of the previous trading day.

Market breath closed positive as 11 stocks gained on the bourse today while 13 stocks declined, leaving 56 stocks unchanged. Diamond Bank Plc topped the Thisday BGL 50 Index gainers’ list as it emerged as the day’s toast of investors with a gain of 3.49% to close at N0.89 per share. It was closely followed by AIICO Insurance Plc with a gain of 3.45% to close at N0.60 per share. Others on the gainers list include: Guaranty Trust Bank Plc, United Bank for Africa Plc and Access Bank Plc; while on the decliners’ list, Lafarge Africa Plc move to lead the pack with a loss of 5.90% to close at N41.78 per share. It was followed closely by UACN Property Development Co. Limited with a loss of 4.21% to close at N2.05 per share. Others on the decliners list include: FBN Holdings Plc, Fidelity Bank Plc and Stanbic IBTC Holdings Plc.