Market halts two-day losses with 1.38% appreciation
Market pulse on the Nigerian Stock Exchange (NSE) today – Wednesday, June 14th, 2017 ended on a positive note as the stock market closed green. This was further highlighted by positive performance from the NSE Subsectors: Banking, Insurance, Consumer Goods and Oil & Gas. Also, trading activities increased in volume as 759.05m shares worth of N6.30 billion in 7,357 deals exchanged hands today. This is an increase from 410.22m shares worth of N5.55 billion in 6,167 deals which exchanged hands on Tuesday. Topping in volume terms are: FBN Holding Plc, Transnational Corporation Of Nigeria Plc and Lasaco Assurance Plc; Guaranty Trust Bank Plc and Zenith Bank Plc ended trading as the most active stocks in value terms. Crude oil inventory results in price setback as Brent cude oil price drops to US$47.04 per barrel.
The All Share Index (NSEASI) closed positive with 1.38% (+456.35) increase to close at 33,598.20 from 33,141.85 the previous trading day. Market capitalization appreciated in tandem to N11.62 trillion from N11.46 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with an increase of 1.46% to 141.39 from 139.35 recorded at the end of the previous trading day, while its market capitalization stood at N11.01 trillion from N10.85 trillion of the previous trading day.
Market breath closed positive today as 36 stocks gained on the bourse while 22 stocks also declined, leaving 48 stocks unchanged. Leading the pack was May & Baker Nigeria Plc with a gain of 10.20% to close at N3.78 per share. It was closely followed by Ashaka Cement Plc with a gain of 10.18% to close at N14.07 per share. Others on the gainers’ list include: Unilever Nigeria Plc, Unity Bank Plc and Skye Bank Plc. On the decliners’ list, International Breweries Plc led with a loss of 4.80% to close at N28.56 share. It was followed by Cutix Plc with a loss of 4.67% to close at N1.86 per share. Others on the decliners’ list are: 7-Up Bottling Comp. Plc, PZ Cussons Nigeria Plc and Sterling Bank Plc.
Topping the Thisday BGL 50 Index gainers’ list Unilever Nigeria Plc as it emerged as the day’s toast of investors with a gain of 10.00% to close at N40.70 per share. It was followed by Unity Bank Plc with a gain of 8.86% to close at N0.86 per share. Others on the gainers list include: Skye Bank Plc, Oando Plc and FBN Holdings Plc; while on the decliners’ list, International Breweries Plc lead with a loss of 4.80% to close at N28.56 share. It was followed by 7-Up Bottling Comp. Plc with a loss of 4.44% to close at N90.30 per share. Others on the decliners list include: PZ Cussons Nigeria Plc, Sterling Bank Plc and FCMB Group Plc.