Market reverses prior day’s loss, gains 0.46%
Market pulse on the Nigerian Stock Exchange (NSE) today – Tuesday, August 30, 2016 was bullish as the market closed green today. This was further highlighted by positive performance from the NSE Sub sectors: Insurance and Consumer Goods (Save Banking and Oil & Gas). Trading activities increased in volume as 230.14 million shares worth N2.741 billion in 3,536 deals exchanged hands today. This is an increase from the 83.83 million shares worth N711.12 million in 2,279 deals exchanged on Monday. Topping in volume terms was Ecobank Transnational Incorporated, N.E.M Insurance Co (Nig) Plc and United Bank for Africa Plc while Ecobank Transnational Incorporated and Mobil Oil Nig Plc ended trading as the most active stocks in value terms.
The All Share Index (NSEASI) closed positive with a 0.46% (+124.71) increase to close at 27,493.12 from 27,368.41 the previous trading day. Market Capitalization appreciated in tandem to N9.44 trillion from N9.40 trillion of prior trading day. Similarly, the Thisday BGL 50 Index also followed suit with an increase of 0.54% to close at 114.17 from 113.56 recorded at the end of the previous trading day, while its market capitalization stood at N8.89 trillion from N8.84 trillion of the previous trading day.
A total number of 17 stocks gained on the bourse today while 18 stocks declined, 64 leaving stocks unchanged. 7-Up Bottling Comp. Plc emerged consecutively two days’ toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 9.41% to close at N127.99 per share. It was followed by Nigerian Aviation Handling Company Plc with a gain of 8.36% to close at N3.23 per share. Others on the gainers list include: Skye Bank Plc, Mobil Oil Nig Plc and Wema Bank Plc, while on the decliners’ list; Fidelity Bank Plc led with a loss of 4.12% to close at N0.93 per share. It was followed by Sterling Bank Plc with a loss of 4.00% to close at N0.96 per share. Others on the losers list include: United Bank for Africa Plc, Zenith Bank Plc and Unilever Nigeria Plc.