Two day losing streak interrupted with 1.01% all share index appreciation
Market pulse on the Nigerian Stock Exchange (NSE) today- Thursday April 9 th 2015 was expectedlybullish amid profit taking the previous day, as Brent crude was up $1.40 at $56.95 a barrel clawingback part of a 6% slump triggered by a jump in U.S. crude inventories and record Saudi output,although analysts said sentiment remained bearish.
The equity market closed green thanks topositive performances from the consumer, banking and consumer goods, despite the oil & gas sectorclosing red. Trading activities decreased in volume as N601.18 million shares worth N4.17 billion in5,724 deals exchanged hands today. This is a decrease from the N704.06 million shares worth N4.66billion in 7,587 trades carried out on Wednesday. Topping in volume terms was FBN Holdings Plc.FCMB Group Plc. and Standard Alliance Insurance Plc., while Nestle Nigeria Plc. FBN Holdings Plc. andZenith Bank Plc. ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed positive with a 1.01% (+344.90) increase to 34,520.14 from34,175.24 the previous trading day. Market Capitalization appreciated in tandem to N11.76 trillionfrom N11.61 trillion the prior trading day. The Thisday BGL 50 Index closed also closed positive with a1.45% decrease to close at 142.1515 from 140.11 the previous trading day, while its marketcapitalization stood at N10.73 trillion from N10.58 trillion the previous trading day.A total number of 26 stocks gained on the bourse today while 21 stocks declined, leaving 51 stocksunchanged. FCMB Group Plc. emerged the toast of investors as it topped the Thisday BGL 50 Indexgainers’ list with a gain of 9.77% to close at N3.37 per share. It was followed by Nestle Nigeria Plc.with a gain of 5.00% to close at N1050.00 per share. . Others on the gainers’ list are; Skye Bank Plc.AIICO Insurance Plc. and UACN Property Development Co. Limited. On the decliners’ list, Ashaka CemPlc. led with a loss of 9.72% to close at N19.32 per share. It was followed by TransnationalCorporation of Nigeria Plc. with a loss of 7.21% to close at N3.09 per share. Others on the decliners’list are; International Breweries Plc. Okomu Oil Palm Plc. and Livestock Feeds Plc.