Market gains 0.19% to halts twoday loss

Market pulse on the Nigerian Stock Exchange (NSE) today - Wednesday, September 13th, 2017 ended positive as the market closed green. This was further highlighted by positive performance from the NSE Subsectors: Banking, Insurance and Consumer Goods (Save Oil & Gas). However, trading activities decreased in volume as 119.90 million shares worth N1.74 billion in 3,015 deals exchanged hands today. This is an increase from the 373.50 million shares worth N5.77 billion in 4,193 trades were carried out on Tuesday. Topping in volume terms are: Access Bank Plc, Zenith Bank Plc and Fidelity Bank Plc; while Zenith Bank Plc and Nigerian Breweries Plc ended trading as the most active stocks in value terms. Brent crude oil price today currently sells at US$54.93 per barrel while it closed at $54.27 per barrel the previous Tuesday.

The All Share Index (NSEASI) closed positive with 0.19% (+66.82) decrease to close at 35,464.34 from 35,397.52 the previous trading day. Market capitalization depreciated in tandem to N12.22 trillion from N12.20 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with a decrease of 0.13% to 149.29 from 149.09 recorded at the end of the previous trading day, while its market capitalization stood at N11.62 trillion from N11.61 trillion of the previous trading day.

A total number of 16 stocks gained on the bourse today while 21 stocks declined, leaving 5

3 stocks unchanged. Leading the pack again was N.E.M Insurance Co (Nig.) Plc led with a gain of 4.76% to close at N1.10 per share. It was followed by Unilever Nigeria Plc with a gain of .76% to close at N44.00 per share. Others on the gainers’ list include: C&I Leasing Plc, AIICO Insurance Plc and Nestle Nigeria Plc. On the decliners’ list, Presco Plc led with a loss of 4.99% to close at N60.80 per share. It was followed by Oando Plc with a loss of 4.89% to close at N6.42 per share. Others on the decliners list include: Eterna Oil Plc, May & Baker Nigeria Plc and Jaiz Bank Plc.

Unilever Nigeria Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 4.76% to close at N44.00 per share. It was followed by AIICO Insurance Plc with a gain of 3.64% to close at N0.57 per share. Others on the gainers chart include: Nestle Nigeria Plc, GlaxoSmithKline Consumer Nig. Plc and FCMB Group Plc. On the decliners’ list, Presco Plc led with a loss of 4.99% to close at N60.80 per share. It was closely followed by Oando Plc with a loss of 4.89% to close at N6.42 per share. Others on the decliners’ list are: Diamond Bank Plc, Sterling Bank Plc and Flour Mills Nig. Plc.