Market Ends Week with 0.32% Gain on the Last Trading Day
Market pulse on the Nigerian Stock Exchange (NSE) today - Friday, October 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). Also, trading activities increased in volume as 159.61 million shares worth N2.24 billion in 3,243 deals exchanged hands today. This is an increase from the 443.68 million shares worth N3.18 billion in 2,993 deals were carried out on Thursday. Topping in volume terms are: Diamond Bank Plc, Access Bank Plc and Transnational Corporation Of Nigeria Plc; while Stanbic IBTC Holdings Plc and Guinness Nig. Plc ended trading as the most active stocks in value terms. Today, Brent crude oil price rose to US$57.11 per barrel from a closing figure of US$56.25 per barrel on Thursday.
The All Share Index (NSEASI) closed positive with 0.32% (+115.93) increase to close at 36,848.17 from 36,732.24 the previous trading day. Market capitalization appreciated in tandem to N12.64 trillion from N12.62 trillion of prior trading day. Similarly, the Thisday BGL 50 Index closes with an increase of 0.24% to 155.15 from 154.77 recorded at the end of the previous trading day, while its market capitalization stood at N12.08 trillion from N12.05 trillion of the previous trading day.
A total number of 28 stocks gained on the bourse today while 13 stocks declined, leaving 51 stocks unchanged. Leading the pack again was Champion Breweries Plc led with a gain of 9.92% to close at N2.66 per share. It was followed by Diamond Bank Plc with a gain of 8.57% to close at N1.14 per share. Others on the gainers’ list include: N.E.M Insurance Co (Nig.) Plc, Red Star Express Plc and International Breweries Plc. On the decliners’ list, CCNN Plc led with a loss of 4.91% to close at N9.68 per share. It was followed by University Press Plc with a loss of 4.72% to close at N2.22 per share. Others on the decliners list include: Forte Oil Plc, First Aluminium Nigeria Plc and Jaiz Bank Plc.
Diamond Bank Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 8.57% to close at N1.14 per share. It was followed by International Breweries Plc with a gain of 4.99% to close at N41.89 per share. Others on the gainers chart include: Transnational Corporation Of Nigeria Plc, Continental Reinsurance Plc and Sterling Bank Plc. On the decliners’ list, CCNN Plc led with a loss of 4.91% to close at N9.68 per share. It was followed by Forte Oil Plc with a loss of 4.00% to close at N48.00 per share. Others on the decliners’ list are: Unity Bank Plc, AIICO Insurance Plc and Dangote Sugar Refinery Plc.