Market Index moves further south by 0.52%
Market pulse on the Nigerian Stock Exchange (NSE) today – Wednesday, August 3, 2016 closed bearish as the stock market closed red caused by an enduring cautious trading as investors risk appetite wanes. This was further highlighted by negative performances from all the NSE sub-sectors: Banking, Insurance, Consumer Goods and Oil & Gas. Trading activities increased in volume as 301.15 million shares worth N2.34 billion in 3,681 deals exchanged hands today. This is an increase from the 275.74 million shares worth N3.15 billion in 4,126 deals exchanged on Monday. Topping in volume terms was Guaranty Trust Bank Plc, United Bank for Africa Plc and Fidelity Bank Plc while Ecobank Transnational Incorporated and Guaranty Trust Bank Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed negative with a 0.52% (-144.15) decrease to close at 27,687.80 from 27,831.95 the previous trading day. Market Capitalization depreciated in tandem to N9.51 trillion from N9.56 trillion of prior trading day. The Thisday BGL 50 Index also followed suit with a decrease of 0.57% to close at 114.66 from 115.32 recorded at the end of the previous trading day, while its market capitalization stood at N8.93 trillion from N8.98 trillion of the previous trading day.
A total number of 17 stocks gained on the bourse today while 24 stocks declined, 58 leaving stocks unchanged. Transnational Corporation Of Nigeria Plc emerged the day’s toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 5.88% to close at N1.26 per share. It was followed by Sterling Bank Plc with a gain of 4.92% to close at N1.28 per share. Others on the gainers list include: Fidson Healthcare Plc, Wema Bank Plc and PZ Cussons Nigeria Plc, while on the decliners’ list; Seplat Petroleum Dev. Co. Ltd led with a loss of 9.75% to close at N255.36 per share. It was followed by 7-Up Bottling Comp. Plc with a loss of 5.00% to close at N126.35 per share. Others on the losers list include: Honeywell Flour Mill Plc, Flour Mills Nig. Plc and United Bank for Africa Plc.