Home Markets Equities market reverses losses, gains 0.44% (25/10/18)

Equities market reverses losses, gains 0.44% (25/10/18)


Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed positively as the All Share Index (ASI) grew by 0.44 percent to close at 32,545.06 points as against the previous close of 32,403.60 points on Wednesday.
Market capitalisation grew by 0.43 percent to close at N11.881 trillion as against the previous close of N11.830 trillion on Wednesday, thereby gaining N51 billion.

However, an analysis of trading figures showed that both volume of traded stocks dropped by 8.27 percent to close at 349.46 million units from the previous close of 380.96 million units on Wednesday.

Value of traded stocks grew by 57.26 percent to close at N3.67 billion as against the previous close of N2.3 billion.

The NSE’s data indicated that the market breadth closed firm as 19 stocks gained against 19 stocks that lost.

Jaiz Bank and Royal Exchange Plc both led the gainers’ chart, both gaining 10 percent to close at N0.55 and N0.22 respectively. Total Plc gained 8.20 percent, closing at N198 form the previous close of N183.

Diamond Bank, grew 7.19 percent while Consolidated Hallmark Insurance and LASACO both grew 7.14 percent among others on the gainers’ chart.

AG Leventis and Beta Glass Plc both shed 10 percent of their share prices, leading the percentage gainers’ list. Cutix Plc and MCNICHOLS dipped 9.78 percent and 8.89 percent respectively among others on the losers’ chart.

Guaranty Trust Bank traded about 23.83 million units of its shares in 221deals, valued at about N869.9 million. Zenith Bank traded about 24.5million units of its shares in 340 deals, worth about N589 million.