Index crosses 30,000 marks amidst bargain hunting
Market pulse on the Nigerian Stock Exchange (NSE) today – Wednesday, June 22, 2016 ended on a bullish note as the stock market closed green zone due to renewed optimism. 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 541.87 million shares worth N7.93 billion in 5,727 deals exchanged hands today. This is an increase from the 533.32 million shares worth N6.79 billion in 5,736 deals carried out on Tuesday. Topping in volume terms was Access Bank Plc, Guaranty Trust Bank Plc and Zenith Bank Plc while Guaranty Trust Bank Plc and Nigerian Breweries Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed positive with a 2.40% (+705.11) increase to close at 30,127.82 from 29,422.71 the previous trading day. Market Capitalization appreciated in tandem to N10.35 trillion from N10.11 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with an greater growth of 2.56% to close at 124.16 from 121.05 recorded the previous trading day, while its market capitalization stood at N9.67 trillion from N9.43 trillion of the previous trading day.
A total number of 31 stocks gained on the bourse today while 10 stocks declined, 62 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 10.16% to close at N18.21 per share. It was followed by Transcorp Plc with a gain of 9.94% to close at N1.77 per share. Others on the gainers list include: Sterling Bank Plc, FCMB Group Plc and Guaranty Trust Bank Plc while on the decliners’ list; CCNN Plc led with a loss of 6.88% to close at N7.45 per share. It was followed by Lafarge Africa Plc with a loss of 5.64% to close at N1.83 per share. Others on the losers list include; Continental Reinsurance Plc, Diamond Bank Plc and Dangote Sugar Refinery Plc.