Market appreciates by 0.39%
Market pulse on the Nigerian Stock Exchange (NSE) today – Wednesday, February 15th, 2017 ended on a positive note as the stock market closed green. This was further highlighted by positive performance from the NSE Subsectors: Banking, Consumer Goods and Oil & Gas (Save Insurance). Furthermore, trading activities increased in volume as 161.94m shares worth of N1.80 billion in 4,216 deals exchanged hands today. This is an increase from the 144.89m shares worth of N1.91 billion in 2,868 deals which exchanged hands on Tuesday. Topping in volume terms are: Zenith Bank Plc, Sterling Bank Plc and Guaranty Trust Bank Plc, while Zenith Bank Plc and Guaranty Trust Bank Plc ended trading as the most active stocks in value terms. Brent crude oil today loss 0.46% to settles at US$55.81 per barrel compared with previous day figure.
The All Share Index (NSEASI) closed positive with 0.39% (+98.01) increase to close at 25,130.26 from 25,032.17 the previous trading day. Market capitalization appreciated in tandem to N8.70 trillion from N8.66 trillion of prior trading day. However, the Thisday BGL 50 Index holds position at 104.17 from 104.73 recorded at the end of the previous trading day, while its market capitalization stood at N8.11 trillion from N8.15 trillion of the previous trading day.
Market breath closed positive as 10 stocks gained on the bourse today while 14 stocks declined, leaving 66 stocks unchanged. Forte Oil Plc topped the Thisday BGL 50 Index gainers’ list as it emerged as the day’s toast of investors with a gain of 10.23% to close at N62.50 per share. It was followed by Honeywell Flour Mill Plc with a gain of 4.76% to close at N1.10 per share. Others on the gainers list include: Nigerian Breweries Plc, UACN Property Development Co. Limited and AIICO Insurance Plc; while on the decliners’ list, Guinness Nig. Plc lead the pack with a loss of 4.81% to close at N60.92 per share. It was followed closely by Continental Reinsurance Plc with a loss of 4.55% to close at N1.05 per share. Others on the decliners list include: Fidson Healthcare Plc, Cap Plc and Guaranty Trust Bank Plc.