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Stock market gains N50bn on blue-chip firms
Johnson Okafor
Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note with a gain of N50bn to halt the previous two days’ losses.
The NSE All-Share Index appreciated by 0.23 per cent with market breadth closing positive with 55 gainers as against 16 losers.
The ASI gained 96.09 basis points or 0.23 per cent to close at 41,147.72 as against 41,051.63 recorded the previous day while the market capitalisation of equities appreciated by N50bn or 0.23 per cent to close at 21.52tn from N21.47tn as market sentiment returned to the green zone.
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Johnson Okafor
The Nigerian equity market on Monday commenced the weekly activities on the negative trajectory as investors continued to take profits to increase capital gains.
Key market indicators, the NSE ASI, declined by 0.23 per cent as bargain hunters continued to take profits from gains recorded last week.
The market breath however closed positive with 22 losers against 35 gainers.
Consequently, the All-Share Index dipped 93.76 basis points or 0.23 per cent to close at 1,082.38 index points as against 41,176.14 recorded the previous trading session while market capitalisation of equities depreciated by N40bn from N21.53tn the last Friday to N21.49tn as market sentiment remained on the negative territory.
Goddy Egene
The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further.
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 billion to close at N21.4 trillion.
Also, volume and value of trading rose 72.9 per cent and 27.9 per cent respectively to 809.4 million shares and N8.9 billion. Year-to-date, the NSE ASI has gained 1.7 per cent.
The bulls clearly dominated the market as 49 stocks gaineds compared with seven price losers. Champion Breweries Plc led the price gainers with 9.8 per cent, trailed by NASCON Allied Industries Plc with 9.7 per cent. Japaul Gold Ventures Plc and AXA Mansard Insurance Plc chalked up 9.4 per cent apiece.