Market closes with 0.38% loss
Market pulse on the Nigerian Stock Exchange (NSE) today - Tuesday, October 3rd, 2017 ended negative as the market closed red. This was further highlighted by negative performance from the NSE Subsectors: Consumer Goods and Oil & Gas (Save Banking and Insurance). Also, trading activities increased in volume as 634.33 million shares worth N5.79 billion in 3,850 deals exchanged hands today. This is a decrease from the 235.82 million shares worth N3.83 billion in 2,809 trades were carried out on Thursday. Topping in volume terms are: FCMB Group Plc, FBN Holdings Plc and Guaranty Trust Bank Plc; while Guaranty Trust Bank Plc and Zenith Bank Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed negative with 0.38% (-133.89) decrease to close at 35,306.09 from 35,439.98 the previous trading day. Market capitalization appreciated in tandem to N12.17 trillion from N12.22 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with an decrease of 0.39% to 148.56 from 149.11 recorded at the end of the previous trading day, while its market capitalization stood at N11.57 trillion from N11.61 trillion of the previous trading day.
A total number of 18 stocks gained on the bourse today while 22 stocks declined, leaving 63 stocks unchanged. Leading the pack again was C&I Leasing Plc led with a gain of 9.82% to close at N1.79 per share. It was followed by Learn Africa Plc with a gain of 6.76% to close at N0.79 per share. Others on the gainers’ list include: Caverton Offshore Support Grp Plc, N.E.M Insurance Co (Nig.) Plc and Union Bank Nig. Plc. On the decliners’ list, PZ Cussons Nigeria Plc led with a loss of 6.81% to close at N24.23 per share. It was followed by Unity Bank Plc with a loss of 5.00% to close at N0.57 per share. Others on the decliners list include: United Capital Plc, Cadbury Nigeria Plc and Sterling Bank Plc.
Guinness Nig. Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 3.67% to close at N98.50 per share. It was followed by Lafarge Africa Plc with a gain of 2.64% to close at N52.02 per share. Others on the gainers chart include: Zenith Bank Plc, FBN Holdings Plc and United Bank for Africa Plc. On the decliners’ list, PZ Cussons Nigeria Plc led with a loss of 6.81% to close at N24.23 per share. It was followed by Unity Bank Plc with a loss of 5.00% to close at N0.57 per share. Others on the decliners’ list are: Cadbury Nigeria Plc, Sterling Bank Plc and GlaxoSmithKline Consumer Nig. Plc.