NSE LIVE! Equities break 4-day downtrend with N18bn gain

After four successive negative trading sessions, Nigerian equities broke away from the losing streak as highly capitalised firms in the oil and gas, banking and manufacturing sectors rallied the market to a net capital gain of N18 billion.

The benchmark index for the Nigerian Stock Exchange (NSE)-the All Share Index (ASI), indicated a day-on-day gain of 0.16 per cent, rising from its opening index of 32,302.32 points to close at 32,354.78 points.

Aggregate market value of all quoted equities on the NSE rose from N11.133 trillion to close at N11.151 trillion. The average year-to-date return improved marginally to 20.39 per cent.

All sectoral indices closed in the positive with the exception of the NSE Consumer Goods Index, which dropped by 1.1 per cent. The NSE Oil & Gas Index rose by 1.2 per cent. The NSE Insurance Index appreciated by 0.9 per cent while the NSE Banking Index and NSE Industrial Goods Index rose by 0.5 per cent each.

There were 20 gainers against 23 losers. Seplat Petroleum Development Company led the gainers with a gain of N4.95 to close at N465. Seven-Up Bottling Company rose by N3.79 to close at N82. Dangote Cement added N1.93 to close at N203.94. Oando chalked up 35 kobo to close at N7.39. Zenith Bank gathered 20 kobo to close at N20.40. United Bank for Africa added 12 kobo to close at N8.50. AXA Mansard rose by 11 kobo to close at N2.35 while Cutix and Access Bank rose by 10 kobo each to close at N2.20 and N9.10 respectively.

Read also: NSE LIVE! Equities continue decline with N37bn loss

Total turnover however slipped below average with the exchange of 168.51 million shares valued at N3.63 billion in 3,536 deals. Guaranty Trust Bank was the most active stock with 36.32 million shares valued at N1.23 billion. Transnational Corporation of Nigeria followed with 21.3 million shares worth N28.14 million while FBN Holdings placed third with 16.1 million shares valued at N97.47 million.

On the negative side, Nigerian Breweries led the losers with a loss of N3.35 to close at N155. Okomu Oil Palm declined by N1.85 to close at N56.15. Flour Mills of Nigeria dropped by N1.14 to close at N22. Guinness Nigeria lost N1 to close at N62. UAC of Nigeria dipped by 86 kobo to close at N16.50 while Nestle Nigeria and Stanbic IBTC Holdings depreciated by 50 kobo each to close at N901 and N31.50 respectively.

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