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The Nigerian Stock Exchange suspended its bearish run as market closed in green today, with the All Share Index gaining a 1.68% to close at 34,818.01 index point. Market capitalization similarly rose to N18.19 trillion from N17.89 trillion. Consequently, average year-to-date return improved to 29.25%.

 

A total volume of 661.1 million units of shares, valued at N8.29 billion exchanged hands in 7,324 deals, as TRANSCORP (-4.55%) finished the most traded shares by volume at 172.1million units, while GUARANTY (0.00%) and ZENITH (+3.09%), topped by value at N2.62 and N1.53 billion respectively. 

STERLNBANK (+10.00%) led the gainer’s chart for the day, while CORNERST (-8.62%) finished top loser.

 

With 38 gainers to 8 losers, sectoral indices closed mostly positive. The NSE Consumer Goods Index led the gainers with 2.98 per cent. The NSE Industrial and Banking Indexes trailed appreciating by 2.81 and 2.53% respectively. Conversely, the NSE Insurance & Energy Indexes fell marginally by -0.36 and -0.15 per cent respectively.

 

Sector performance

NSE Consumer Goods Index: Advanced by 2.98%, on buy interest in INTBREW (7.80%), DANGSUGAR (+5.95%) and CADBURY (+4.92%)

NSE Industrial Index: Up by +2.81%, on WAPCO (+9.55%) and DANGCEM (+4.22%) upturn.

NSE Banking Index: Improved by +2.53%, on price appreciation in STERLNBNK (+10.00%), ETI (+8.59%), FIDELITYBK (+6.74%) and ACCESS (+4.17%).

NSE Insurance Index: Down by -0.36%, on price decline in CORNERSTONE (-8.62%).

NSE Oil & Gas Index: Fell by -0.15%, on price depreciation in ARDOVA (-6.25%).

 

MorganCapital Research

 

 

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