Market rebounds as Index gains 2.23%
Market pulse on the Nigerian Stock Exchange (NSE) today – Tuesday, March 7th, 2017 ended on a positive note as the stock market closed green due to profit positioning by investors. This was further highlighted by positive performance from the NSE Subsectors: Banking, Consumer Goods and Oil & Gas (Save Insurance). Also, trading activities increased in volume as 215.36m shares worth of N2.60 billion in 3,692 deals exchanged hands today. This is an increase from as 128.16m shares worth of N1.47 billion in 2,978 deals which exchanged hands on Monday. Topping in volume terms are: Access Bank Plc, Zenith Bank Plc and United Bank for Africa Plc, Zenith Bank Plc and Nigerian Breweries Plc ended trading as the most active stocks in value terms. Today, Brent crude oil price sells around US$56.10 per barrel.
The All Share Index (NSEASI) closed positive with 2.23% (+547.28) increase to close at 25,129.27 from 24,581.99 the previous trading day. Market capitalization depreciated in tandem to N8.51 trillion from N8.66 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with an increase of 2.40% to 104.23 from 101.79 recorded at the end of the previous trading day, while its market capitalization stood at N8.12 trillion from N7.93 trillion of the previous trading day.
Market breath closed positive today as 17 stocks gained on the bourse while 18 stocks also declined, leaving 83 stocks unchanged. Leading the pack is Transnational Corporation Of Nigeria Plc with a gain of 7.14% to close at N0.74 per share. It was followed by Guinness Nig. Plc with a gain of 4.97% to close at N64.40 per share. Others on the gainers’ list include: Dangote Cement Plc, Paints And Coatings Manufactures Plc and Dangote Flour Mills Plc among other. On the decliners’ list, Africa Prudential Registrars Plc led with a loss of 5.00% to close at N2.28 per share. It was followed by AIICO Insurance Plc with a loss of 4.76% to close at N0.60 per share. Others on the decliners’ list are: Meyer Plc, Unity Bank Plc and Caverton Offshore Support Grp Plc.
Topping the Thisday BGL 50 Index gainers’ list is Transnational Corporation Of Nigeria Plc as it emerged as the day’s toast of investors with a gain of 7.14% to close at N0.74 per share. It was followed by Guinness Nig. Plc with a gain of 4.97% to close at N64.40 per share. Others on the gainers list include: Dangote Cement Plc, Diamond Bank Plc and Guaranty Trust Bank Plc; while on the decliners’ list, AIICO Insurance Plc lead with a loss of 4.76% to close at N0.60 per share. It was followed by Unity Bank Plc with a loss of 4.29% to close at N0.67 per share. Others on the decliners list include: Nigerian Aviation Handling Company Plc, UACN Property Development Co. Limited and Fidelity Bank Plc.