Bull and Bear, Stock Market

NSE Index Increases 0.02% as Trade Opens New Week Flat

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Monday, February 26, closed flat as lead indices record only slight growth.

The All Share Index,  ASI inched up by 0.02% following the buy interest in Banking and Consumer stocks.

However, market breadth index closed negative with 21 advancing stocks paired against  26 declining stocks. JAPAULOIL emerged the best performer adding 9.52%, COURTVILLE dropped 6.25% topping the losers’ chart.

The Sectoral Performance chart showed NSE Consumer Goods Index advanced by0.78%, on the back of the buy interest in NASCON , INTBREW and PZ.

NSE Banking Index added 0.28% as a result of 4.66% gain in FCMB,  1.54% gain in GUARANTY and 0.78% gain in ZENITHBANK .

NSE Oil and Gas Index shed 2.50%, as a result of 5% loss in MOBI,  4.82% loss in TOTAL and 2% loss in SEPLAT.

NSE Industrial Index crashed by 0.17%, largely driven by 2.94% loss in MULTIVERSE and  0.38 loss in DANGCEM.

CCNN led the market in terms of volume with 135million units of shares worth N2.25billion.