NSE LIVE! Equities in tight trades as investors take a breather

It was almost a tit-for-tat at the Nigerian stock market on Thursday as investors appeared to pause momentarily to determine the next major directional change. With 19 advancers to 20 decliners, the momentum of activities also declined below average.

Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average day-on-day gain of 0.01 per cent, equivalent to net capital gain of about N1 billion. The average year-to-date return thus rose marginally to 36.36 per cent.

Aggregate market value of all quoted equities rose from its opening value of N12.613 trillion to close at N12.614 trillion. The All Share Index (ASI)-the value-based common index that tracks share prices at the Exchange, also inched up from its opening index of 36,641.52 points to close at 36,645.65 points.

Sectoral indices showed mixed performance. The NSE Consumer Goods Index inched up by 0..2 per cent while the NSE Industrial Goods Index closed flat. The NSE Insurance Index however declined by 1.3 per cent. The NSE Banking Index dropped by 0.3 per cent while the NSE Oil and Gas Index dropped by 0.48 per cent.

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Total turnover slowed down to 140.87 million shares valued at N1.72 billion in 4,159 deals. Banks meanwhile continued to dominate transactions. The most active stock was United Bank for Africa (UBA) with a turnover of 30.65 million shares valued at N275.04 million. Sterling Bank followed with 15.72 million shares worth N15.67 million while Guaranty Trust Bank recorded a turnover of 15.27 million shares valued at N636.9 million.

International Breweries led the gainers with a gain of N2.21 to close at N46.52. Stanbic IBTC Holdings followed with a gain of N1..10 to close at N44.30. GlaxoSmithKline Consumer Nigeria rose by 85 kobo to close at N24. Cadbury Nigeria added 30 kobo to close at N10.50. Nestle Nigeria appreciated by 27 kobo to close at N1,200.27 while BOC Gases chalked up 18 kobo to close at N3.96 per share.

On the downside, Forte Oil led with a drop of N2 to close at N46. Nigerian Breweries dropped by 51 kobo to close at N161.99. Total Nigeria dropped by 41 kobo to close at N245. United Bank for Africa declined by 21 kobo to close at N8.85 while AXA Mansard Insurance dropped by 12 kobo to close at N2.36 per share.

 

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