Don't Miss


Home   >   Nigerian Stock Exchange   >   NSE index rises marginally as equities rally slows

NSE index rises marginally as equities rally slows

By on January 1, 2015

The equities segment of the Nigerian Stock Exchange closed higher on Tuesday a day with major market indicators rising marginally.

The Nigerian Stock Exchange All-Share Index rose by 0.06 per cent or 20.4 basis points to close at 34,684.32 basis points, while the market capitalisation of the listed equities was up by N7bn or 0.06 per cent to close at N11.486tn.

It was a mixed performance for the sectoral indices with three of the five sectoral indices closing higher and two others declining.

The Consumer Goods Index and the NSE Insurance index gained 3.99 per cent and 0.87 per cent to close at 919.64 basis points and 146.28 basis points.

However, the NSE Oil and Gas Index, NSE Banking Index and the NSE Industrial Index were down by 2.93 per cent, 2.12 per cent and 1.39 per cent to close at 389.01, 357.47, and 2,097.82 basis points in that order.

The NSE 30 Index, which measures the performance of the top 30 equities on the Exchange, rose by 0.39 per cent to close at 1,577.36 basis points, while the NSE Lotus Islamic Index and NSE Alternative Securities Market Index gained 0.85 per cent and 2.44 per cent to close at 2,238.02 basis points and 1,185.06 basis points.

Investors exchanged 390.821 million shares valued at N6.993bn in 4,637 deals on Tuesday with 23 equities recording price appreciation and 29 others declining in price.

Vono Products Plc topped the gainers’ table after it rose by 9.18 per cent to close at N1.07 per share. It was followed by RT Briscoe, which was up by 8.70 per cent to close at 75 kobo per share, while Champion Breweries was up by 7.86 per cent to close at N7 per share.

Guinness Nigeria Plc and Caverton Offshore Support Group Plc rose by 6.62 per cent and 5.76 per cent to close at N170 and N3.49 per share, respectively.

On the other hand, Oando Plc fell by 9.74 per cent to close at N17.15 per share, topping the losers.

United Bank for Africa Plc shed 8.91 per cent to close at N4.50 per share, while FCMB Group was down by five per cent to N2.66 per share.

 

[Punch]