NSE Index Add 0.50%, as Trading Gains Traction

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, August 2, continued to gain balance with lead indices appreciating further in value.

Lead indicators of the Nigeria’s equities market further.As such, the All Share index of the bourse improved further by 0.50 per cent today to settle at 36,905.06 points. Likewise, the market capitalisation soared to N12.720 trillion respectively.An analysis of the sectoral indices showed The NSE Industrial and Consumer Goods indices recorded the highest gains of 1.93 percent and 1.63 percent while the Oil and Gas emerged the day’s biggest loser with a depreciation of 2.43 percent.Price movement chart showed 31 advancers for the day with CI Leasing, WAPCO and Guinness atop the chart with an increase of 10 percent, 5 percent and 4.99 percent each to close at 88 kobo, N57.75 and N69.87 per share respectively.Conversely, Okomu Oil led the day’s 18 losers with a loss of 5 per cent to close at N72.23 per share.

This was followed by Continental Re-Insurance which fell 4.93 percent to close at N1.35 per share while Mobil lost 4.88 percent to close at N240.65 per share.Transcorp topped the day’s trade with the sale of 34.8 million shares worth N49.7million. Fidelity Bank trailed with the sale of 30 million shares worth N39.0 million and FBN Holdings traded 28.8 million shares valued at N173.3 million. Zenith Bank sold 25.6 million shares worth N641.5 million, and Guaranty exchanged 21 million shares worth N815.3 million.The day’s performance increased Month to Date to 2.93 per cent while year to date returns advanced to 36.3 per cent, as Investors moved a total of 251.0 million shares in 4,047 deals valued at N3.78 billion compared to 849.6 million shares worth N94.0 billion traded in 5,602 deals on Tuesday.