Market gains by a diffident 0.07%
Market pulse on the Nigerian Stock Exchange (NSE) today – Friday, February 10th, 2017 ended on a positive note as the stock market closed light green. This was further highlighted by positive performance from the NSE Subsectors: Banking, Insurance and Consumer Goods (Save Oil & Gas). However, trading activities increased in volume as 201.73m shares worth of N2.59 billion in 2,604 deals exchanged hands today. This is an increase from the 143.23m shares worth of N1.55 billion in 2,551 deals which exchanged hands on Thursday. Topping in volume terms are: Union Bank Nig. Plc, Fidelity Bank Plc and Access Bank Plc, while Seplat Petroleum Dev. Co. Ltd and Mobil Oil Nig. Plc ended trading as the most active stocks in value terms. Brent crude oil today settles today at US$56.75 per barrel.
The All Share Index (NSEASI) closed positive with 0.07% (+17.72) increase to close at 25,340.02 from 25,322.30 the previous trading day. Market capitalization appreciated in tandem to N8.77 trillion from N8.76 trillion of prior trading day. On the other hand, the Thisday BGL 50 Index holds position at 105.21 from 105.21 recorded at the end of the previous trading day, while its market capitalization stood at N8.19 trillion from N8.19 trillion of the previous trading day.
Market breath closed positive as 20 stocks gained on the bourse today while 10 stocks declined, leaving 63 stocks unchanged. Access Bank Plc topped the Thisday BGL 50 Index gainers’ list as it emerged as the day’s toast of investors with a gain of 4.99% to close at N6.94 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: FCMB Group Plc, Zenith Bank Plc and National Salt Co. Nig. Plc; while on the decliners’ list, UACN Property Development Co. Limited move to lead the pack with a loss of 4.55% to close at N1.89 per share. It was followed closely by Nigerian Breweries Plc with a loss of 2.90% to close at N125.00 per share. Others on the decliners list include: Sterling Bank Plc, Fidelity Bank Plc and Ecobank Transnational Incorporated.