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Equities market closes flat

By on August 17, 2014

The equities segment of the Nigerian Stock Exchange was little-changed on Thursday after investors exchanged 207.931 million shares valued at N2.245bn in 4,785.

The market capitalisation of the listed equities declined marginally by 0.01 per cent to close at N13.786tn compared to the 0.8 per cent drop that caused it to close at N13.787tn in the previous session.

In the same vein, the NSE All Share Index fell by 2.81 basis points or 0.01 to close at 41,750.38 basis points, a marginal decline from Wednesday’s close of 41,753.19 basis points.

The NSE 30 Index fell by 9.52 or 0.5 per cent from 1,903.45 basis points to close at 1,893.93 basis points, while the NSE Alternative Securities Market Index closed flat at 951.96 basis points.

The banking sub-sector led the gainers chart, accounting for 55.5 per cent of total turnover traded.

In the sub-sector, 115.412 million shares worth N743.7m were traded in 1,441 deals.

Volume in the sub-sector was driven by trading in the shares of Unity Bank Plc, Diamond Bank Plc, Skye Bank Plc and Zenith International Bank Plc.

Access Bank Plc and Sterling Bank Plc also recorded high volume turnover in the sub-sector.

According to the NSE, the five most traded equities for the day are: Unity Bank, Transnational Corporation of Nigeria Plc, Diamond Bank, Zenith Bank and Skye Bank in that order.

A total of 18 equities recorded price appreciation, while 30 others recorded price depreciation as against the 17 gainers and 31 losers of the previous session.

Premier Breweries Plc topped the gainers’ table with a five per cent or five kobo rise that saw it close at N1.05 per share.

Neimeth International Pharmaceuticals Plc followed with a gain of 4.9 per cent or five kobo to close at N1.07 per share, while Pharma Deko Plc and Paints and Coatings Manufacturers Plc were up by 4.61 per cent and 4.55 per cent to close at N2.27 and N1.61 per share respectively.

On the other hand, Conoil Plc led the losers, shedding 7.26 per cent or N5.26 to close at N67.24 per share.

Portland Paint and Products Plc fell by 4.97 per cent or 28 kobo to close at N5.35 per share, while Learn Africa Plc shed 4.43 per cent or seven kobo to close at N1.51 per share.

 

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