Market activities yield 0.41% appreciation
Market pulse on the Nigerian Stock Exchange (NSE) today – Tuesday, July 18th, 2017 again ended on a positive note as the stock market closed green. This was further highlighted by positive performance from the NSE Subsectors: Consumer Goods (Save Banking, Insurance and Oil & Gas). Also, trading activities increased in volume as 21.61 billion shares worth of N2.40 billion in 3,715 deals exchanged hands today. This is an increase from 322.81m shares worth of N2.73 billion in 3,830 deals which exchanged hands on Monday. Topping in volume terms are: Continental Reinsurance Plc, FBN Holdings Plc and Oando Plc; Nestle Nig. Plc and Continental Reinsurance Plc ended trading as the most active stocks in value terms. Brent crude oil price increased to US$48.86 per barrel while its closing remains $48.42 per barrel the previous day.
The All Share Index (NSEASI) closed positive with 0.41% (+135.18) increase to close at 33,436.61 from 33,301.43 the previous trading day. Market capitalization appreciated in tandem to N11.52 trillion from N11.48 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with an increase of 0.37% to 140.77 from 140.25 recorded at the end of the previous trading day, while its market capitalization stood at N10.96 trillion from N10.92 trillion of the previous trading day.
Market breath closed positive today as 25 stocks gained on the bourse while 19 stocks also declined leaving 57 stocks unchanged. Leading the pack was Honeywell Flour Mill Plc with a gain of 8.29% to close at N1.96 per share. It was followed by Union Bank of Nig. Plc with a gain of 5.00% to close at N5.67 per share. Others on the gainers’ list include: Julius Berger Nig. Plc, Unilever Nigeria Plc and Beta Glass Plc. On the decliners’ list, May & Baker Nig. Plc led with a loss of 5.02% to close at N2.65 share. It was followed by Mansard Insurance Plc 4.93% to close at N2.12 per share. Others on the decliners list include: Custodian and Allied Insurance Plc, Continental Reinsurance Plc and Cadbury Nigeria Plc.
Topping the Thisday BGL 50 Index gainers’ list Honeywell Flour Mill Plc as it emerged as the day’s toast of investors with a gain of 8.29% to close at N1.96 per share. It was followed by Julius Berger Nig. Plc with a gain of 4.99% to close at N34.30 per share. Others on the gainers list include: Unilever Nigeria Plc, Dangote Sugar Refinery Plc and Okomu Oil Palm Plc; while on the decliners’ list, Mansard Insurance Plc again lead with a loss of 4.93% to close at N2.12 share. It was followed by Custodian And Allied Insurance Plc with a loss of 4.76% to close at N3.40 per share. Others on the decliners list include: Continental Reinsurance Plc, Cadbury Nigeria Plc and Nigerian Aviation Handling Company Plc.