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Indices up by 0.21% as NSE inaugurates ticker price

By on April 29, 2011

at the close of trading on Thursday, major market indices improved significantly with the market capitalisation of listed equities moving up by N17bn.

Specifically, the All Share Index gained 52 points from 25,240.88 the previous day to close at 25,293.16, a 0.21 per cent appreciation.

Also, market capitalisation closed at N8.081tn, up from N8.064tn.

Meanwhile, the NSE will inaugurate its new ticker price on Friday (today) at the headquarters of the Exchange. The outgoing Interim Administrator of the Exchange, Mr. Emmanuel Ikazoboh, told journalists on Thursday that the ticker price would show to the public how the market fared daily.

Ikazoboh said that investors, especially those on the Island, where the NSE is located, would not have to wait till the next day to see how the market fared, but would be able to ascertain the status of the capital market at the close of trading for each day.

He added that the ticker pricing system and the face-lift of the exchange were some of the achievements recorded by his administration since August 5, 2010.

“The ticker price system will make available all the trading activities of the Exchange at the close of the day to the larger public, as people who pass by the Exchange will see how the NSE fared for that particular day,” he said.

Analysts at the Exchange also said that the peaceful polls had a way of impacting positively on the outcome of activities on the stock market, noting that investors were always at alert as regards the happenings in the society.

The banking subsector recorded the highest activities, exchanging 202.16 million shares valued at N1.965bn in 3,311 deals. Activities on the shares of Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc and UBA Plc boosted the sector’s performance, accounting for 66.6 per cent of total turnover.

A total of 33 stocks recorded price appreciation as against 30 stocks, which recorded losses.

Unilever Plc recorded the highest gain, rising by five per cent or N1.25 to close at N26.26 per share. International Breweries Plc followed on the gainers’ chart, recording a 4.99 per cent rise or 30kobo to close at N6.31; while Guaranty Assurance Plc came third on the list of profit makers, moving up by 4.97 per cent or 0.09kobo to close at N1.90.

Trans-nationwide Express Plc led the losers’ chart after shedding 32kobo or five per cent to close at N6.08, while Transcorp Plc followed, losing 0.07kobo or 4.90 per cent to close at N1.36.

Source : Punch