Trading week starts on a bullish note as Index appreciates by 0.22%

Market pulse on the Nigerian Stock Exchange (NSE) today-Monday August 3rd 2015 was bullish as the stock market gained today due to renewed optimism amid positive earnings declaration by companies. This was further highlighted by the positive performances from all the NSE sub sectors Consumer Goods, Banking and Insurance (Save Oil & gas). Trading activities increased in volume as 320.50 million shares worth N3.52 billion in 3,277 deals exchanged hands today. This is an increase from the 268.24 million shares worth N2.15 billion in 3,621 deals carried out on Friday. Topping in volume terms was Zenith Bank Plc., UBA Plc and Continental Reinsurance Plc, while GTB Plc and Zenith Bank Plc ended trading as the most active stocks in value terms.

The All Share Index (NSEASI) closed positive with a 0.22% (+67.56) increase to 30,247.83 from 30,180.27 the previous trading day. Market Capitalization appreciated in tandem to N10.37 trillion from N10.34 trillion the prior trading day. The Thisday BGL 50 Index also followed suit with a 0.22% decrease to close at 126.92 from 126.92 the previous trading day, while its market capitalization stood at N9.66 trillion from N9.63 trillion the previous trading day.

A total number of 21 stocks gained on the bourse today while 21 stocks declined, leaving 51 stocks unchanged. Flourmill Nigeria Plc. emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 4.93% to close at N30.43 per share. It was followed Transcorp Plc, with a gain of 4.85% to close at N2.16 per share. Others on the gainers list include; Sterling Bank Plc. Guinness Nigeria Plc and Continental Reinsurance Plc. On the decliners’ list, UACN led with a loss of 5.26% to close at N36.00 per share. It was followed by Fidson Healthcare Plc. with a loss of 4.85% to close at N3.14 per share. Others on the losers list include; Unity Bank Plc, Honeywell Flour Mills Plc. and Oando Plc.