Don't Miss


Home   >   Nigerian Stock Exchange   >   Equities rally lifts NSE index by 1%

Equities rally lifts NSE index by 1%

By on April 11, 2015

Equities on the Nigerian Stock Exchange rose on Thursday after a two-day drop, boosting the NSE All-Share Index by 1.01 per cent.

Following four straight days of gains last week, equities had opened the week on a negative note on Tuesday with the NSE ASI falling by 2.2 per cent.

On Wednesday, it shed an additional 2.19 per cent to close at 34,175.24 basis points.

A rally on Thursday, however, saw the NSE ASI rise from 34,175.24 basis points to 34,520 basis points. Its year-to-date return now stands at -0.40 per cent.

On its part, the market capitalisation of the listed equities rose by 1.33 per cent or N155bn to close at N11.762tn, compared to the 2.19 per cent drop that dragged it down to N11.608tn the previous day.

A review of the remaining eight market indices showed that apart from the NSE Oil and Gas Index, which fell by 1.12 per cent from 400.72 basis points to 396.20 basis points, and the NSE Alternative Securities Market Index that closed unchanged at 1,212.95 basis points, all other indicators appreciated.

The NSE 30 Index, which tracks the performance of the 30 most capitalised stocks, rose by 1.16 per cent to N1,581.04 basis points. The NSE Banking Index gained 1.04 per cent to close at 393.07 basis points, while the NSE Insurance Index was up by 0.7 per cent to close at 144.54 basis points.

Also up was the NSE Consumer Goods Index, which rose by 2.09 per cent from 867.77 basis points to 885.96 basis points.

The NSE Lotus Islamic Index appreciated by 1.1 per cent from 2.261.20 basis points to 2,286.63 basis points, while the NSE Industrial Index edged up by 0.4 per cent from 2,076.24 basis points to 2,084.34 basis points.

Investors exchanged 601.183 million shares valued at N4.174bn in 5,724 deals with 26 stocks recording price appreciation and 21 other equities recording price depreciation.

FCMB Group Plc led the gainers, rising by 9.77 per cent or 30 kobo to close N3.37 per share.

It was followed by Costain (West Africa) Plc and Nestle Nigeria Plc, which gained 9.76 per cent and five per cent to close at 90 kobo and N1,050 per share, respectively.

Learn Africa Plc was up by 4.86 per cent to close at N1.51 per share, while Eterna Plc gained 4.84 per cent to close at N3.03 per share.

On the other hand, Ashaka Cement Plc led the losers after it fell by 9.72 per cent or N2.08 to close at N19.32 per share.

Transnational Corporation of Nigeria Plc declined by 7.21 per cent or 24 kobo to close at N3.09 per share; followed by ABC Transport Plc, which edged lower by five per cent or three kobo to close at 57 kobo per share.

Evans Medicals Plc and International Breweries Plc depreciated by five per cent and 4.99 per cent to close at N2.09 and N20.58 per share, respectively.

 

[Punch]