Investors’ appetite wane further as ASI declines by modest 0.06%

Market pulse on the Nigerian Stock Exchange (NSE) today- Thursday November 19th 2015 was bearish as the stock market closed red today, due to sell pressure. This was further highlighted by negative performances from the NSE Sub sectors; Banking, Oil/Gas and Insurance (Save Consumer Goods). Trading activities increased in volume as 236.87 million shares worth N4.15 billion in 2,501 deals exchanged hands today. This is an increase from the 167.29 million shares worth N1.30 billion in 2,990 deals carried out on Tuesday. Topping in volume terms was GTB Plc, FBNH Plc and Zenith Bank Plc, while GTB Plc, Seplat Petroleum Dev. Co. Ltd and Zenith Bank Plc, ended trading as the most active stocks in value terms.

The All Share Index (NSEASI) closed negative with a 0.06% (-16.24) decrease to 28,203.20 from 28,219.44 the previous trading day. Market Capitalization appreciated in tandem to N9.695 trillion from N9.700 trillion of prior trading day. The Thisday BGL 50 Index also followed suit with a 0.01% decrease to close at 118.62 from 118.62 of the previous trading day, while its market capitalization stood at 9.235 trillion from 9.236 trillion of the previous trading day.

A total number of 17 stocks gained on the bourse today while 14 stocks declined, leaving 50 stocks unchanged. P Z Cussons Nigeria Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 5.00% to close at N26.25 per share. It was followed Cadbury Nigeria Plc with a gain of 4.97% to close at N20.05 per share. Others on the gainers list include; Unity Bank Plc, Nigerian Aviation Handling Company Plc and Transnational Corporation Of Nigeria Plc, while on the decliners’ list Oando Plc led with a loss of 4.99% to close at N6.86 per share. It was followed by Cap Plc with a loss of 4.93% to close at N38.93 per share. Others on the losers list include; FCMB Group Plc Diamond Bank Plc and National Salt Co. Nig. Plc.