NSE ASI rebounds with 2.27% appreciation based on renewed optimism
Market pulse on the Nigerian Stock Exchange (NSE) today – Tuesday, June 21, 2016 ended on a positive note as the market returns to the green zone due to positive response from investors in light of prevailing economic policies. This was further highlighted by positive performances from all NSE Sub sectors: Banking, Insurance, Consumer Goods and Oil & Gas. Furthermore, trading activities increased in volume as 533.32 million shares worth N6.79 billion in 5,736 deals exchanged hands today. This is an increase from the 416.66 million shares worth N2.25 billion in 4,684 deals carried out on Monday. Topping in volume terms was UBA Plc, Guaranty Trust Bank Plc and Zenith 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 positive with a 2.27% (+652.81) increase to close at 29,422.71 from 28,769.90 the previous trading day. Market Capitalization depreciated in tandem to N10.11 trillion from N9.88 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with an greater growth of 2.37% to close at 121.05 from 118.25 recorded the previous trading day, while its market capitalization stood at N9.43 trillion from N9.21 trillion of the previous trading day.
A total number of 37 stocks gained on the bourse today while 10 stocks declined, 51 leaving stocks unchanged. Again, GlaxoSmithkline Consumer Nig. Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 10.20% to close at N16.53 per share. It was followed by Access Bank Plc with a gain of 5.17% to close at N6.10 per share. Others on the gainers list include: Nigerian Aviation Handling Company Plc, Dangote Sugar Refinery Plc and UACN Property Development Co. Limited, while on the decliners’ list; Unity Bank Plc led with a loss of 4.27% to close at N1.12 per share. It was followed by Honeywell Flour Mill Plc with a loss of 3.17% to close at N1.83 per share. Others on the losers list include; FCMB Group Plc, Diamond Bank Plc and Cadbury Nigeria Plc.