NSE ASI surges upward with 3.13% appreciation
Market pulse on the Nigerian Stock Exchange (NSE) today – Thursday, June 23, 2016 ended again on a bullish note as the stock market closed green as economic and business activities continue to soar. This was further highlighted by positive performances from all NSE Sub sectors: Banking, Insurance, Consumer Goods and Oil & Gas. Furthermore, trading activities decreased in volume as 450.52 million shares worth N5.71 billion in 6,360 deals exchanged hands today. This is a decrease from the 541.87 million shares worth N7.93 billion in 5,727 deals carried out on Wednesday. Topping in volume terms was Transnational Corporation Of Nigeria Plc, United Bank for Africa Plc and Zenith Bank Plc while Nestle Nigeria Plc and United Bank for Africa Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed positive with a 3.13% (+943.43) increase to close at 31,071.25 from 30,127.82 the previous trading day. Market Capitalization appreciated in tandem to N10.67 trillion from N10.35 trillion of prior trading day. Similarly, the Thisday BGL 50 Index followed suit with an higher increase of 3.28% to close at 128.23 from 124.16 recorded the previous trading day, while its market capitalization stood at N9.98 trillion from N9.67 trillion of the previous trading day.
A total number of 37 stocks gained on the bourse today while 12 stocks declined, 49 leaving stocks unchanged. Once more, GlaxoSmithkline Consumer Nig. Plc emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 10.21% to close at N20.07 per share. It was followed by Transnational Corporation Of Nigeria Plc with a gain of 9.60% to close at N1.94 per share. Others on the gainers list include: Total Nigeria Plc, Dangote Cement Plc and Guinness Nig Plc, while on the decliners’ list; Cap Plc led with a loss of 3.99% to close at N34.68 per share. It was followed by Skye Bank Plc with a loss of 2.65% to close at N1.10 per share. Others on the losers list include: Wema Bank Plc, Unity Bank Plc and International Breweries Plc.