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Market Digest Nigeria

Finance

Equities Investors Gain N3.4bn On Marginal Growth

Trading on the Nigerian stock market closed positive, on Tuesday, reversing previous day loss, as the market capitalisation gained 0.02 per cent, having added N3.42 billion to close at N14.815 trillion as against an opening of N14.812 trillion.

As a result of the slightly bullish outing, the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) closed at 28,344.04 points, thus Month-to-Date (MtD) and Year-to-Date (YtD) gains both increasing to 5.6 per cent.

Also, the performance was positive as the market breadth recorded 18 gainers relative to 15 losers on the chart, as Eterna Oil and International Breweries topped the gainers’ list having appreciated by 9.8 per cent and 9.6 per cent respectively while E-Tranzact and Royal Exchange recorded the largest losses of the day, after declining by 9.8 per cent and 7.4 per cent.

Sectoral analysis indicated that the Consumer Goods, Insurance and Oil & Gas indices recorded gains by 0.9 per cent, 0.3 per cent and 0.1 per cent respectively, the Banking index recorded a loss by 1.3 per cent while the Industrial Goods index closed flat.

The total volume of trades increased by 45.1 per cent to 535.83 million units, valued at N5.02 billion and exchanged in 4,498 deals. Regal Insurance was the most traded stock by volume at 246.00 million units while Guaranty Trust Bank was the most traded stock by value at N3 billion.

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