NSE equities grows marginally by 0.19%

The equities market of the Nigerian Stock Exchange rebounded marginally on Tuesday with the benchmark index growing by 0.19 percent. Where the Market Capitalisation increased by 21 billion Naira or 0.19 percent and closed at 11,330 trillion Naira from Monday’s 11,309 trillion Naira.

And the All Share index increased by 40.18 or 0.19 percent from yesterday’s closing of 21,700.98 basis points to a new closing of 11,741.16 basis points.

The volume of trade stood at 330.102 million units of shares valued at N3.569 billion in 4,561.00 deals. Market sentiment, as measured by market breadth, was positive with 19 gainer stocks relative to 10 losers.

GUARANTY TRUST BANK PLC was the most traded stock by volume and value at 78.90 million units and NGN1.32 billion, respectively.

NPF MICROFINANCE BANK PLC was the biggest gainer with an opening selling price of N1.05k per share and a closing price of N1.15k per share, gaining 0.10k or 9.52 percent.

Followed by STANBIC IBTC HOLDINGS PLC with an opening price of N23.85k per share and a closing price of N26.10k per share, gaining N2.25k or 9.43 percent.

Then TRANSNATIONAL CORPORATION OF NIGERIA PLC was right after with an opening price of 0.56k per share and a closing price of 0.61k per share, gaining 0.05k or 8.93 percent.

While on the other hand, CAVERTON OFFSHORE SUPPORT GRP PLC led the losers table when it commenced today’s trading at the selling price of N2.50k per share and closed at N2.25k per share, losing 0.25k or 10.00 percent.

Next is CONOIL PLC with an opening price of N14.60k per share and a closing price of N13.15k per share, losing N1.45k or 9.93 per share.

Then NASCON ALLIED INDUSTRIES PLC which opened at N9.40k per share and closed at N8.50k per share, lost 0.90k or 9.57 percent.

Analysing sectoral performance was positive as the 0.53 basis points or 0.25 percent gains in the Oil and Gas gains index, Insurance with 0.13 basis points or 0.12 percent gains and 0.19 basis points or 0.018 percent gains in the Industrial Goods indices masked the declines recorded in the Banking index by 0.72 basis points or 0.33 percent and Consumer Goods index by 0.83 basis points or 0.24 percent

Source: Voice of Nigeria