NSE: Investors gain N61.9bn as market capitalisation rises to N13.1tn

Thursday’s trading session recorded a gain as the All Share Index (ASI) of the Nigerian Stock Exchange climbed higher by 47bps to settle at 29,749.35 points while YTD loss moderated to -5.3%.

Consequently, investors gained N61.9bn while market capitalisation increased to N13.1tn.

The positive performance can be attributed to gains in NESTLE (+3.7%), SEPLAT (+6.0%) and DANGCEM (+0.6%).

However, activity level was mixed as volume traded fell 23.6% to 301.1m units while value traded surged to N5.0bn.TRANSCORP (45.9m units), GUARANTY(31.9m units) and ACCESS (31.8m units) were the top traded stocks by volume while GUARANTY (N978.9m), NESTLE (N778.6m) and DANGCEM (N648.1m) led by value.

Meanwhile, the Industrial Goods index led with a 2.6% gain following price appreciation in CCNN (+10.0%) and WAPCO (+2.1%).

The Oil & Gas index rose 1.8% on account of an uptick in SEPLAT (+6.0%).

Similarly, gains in NESTLE (+3.7%), INTBREW (+9.6%) and UNILEVER (+0.2%) drove the Consumer Goods index 0.7% upwards.

The AFRI-ICT and Insurance indices gained 0.4% and 0.3% respectively while the banking index shed 0.3%, attributed to the selloffs in STANBIC(-1.3%), ZENITH (-0.8%%) and STERLING (-6.4%).

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Investor sentiment as measured by market breadth (advance/decline ratio) climbed higher to 1.4x against 0.9x recorded yesterday, with 26 stocks advancing against 18 decliners.

Leading the gainers today were CCNN (+10.0%), BOCGAS (+9.8%) and INTBREW (+9.6%) while FORTE (-9.9%), BERGER (-9.8%) and NIGERIAN BREWERIES (-7.3%) were the worst performers.

Babatunde Alao …

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