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NSE Index reverses losses, gains 0.25%

By on July 18, 2015

The Nigerian Stock Exchange All-Share Index closed on a positive note on Thursday, after 11 consecutive days of losses.

Specifically, the NSE ASI gained 77.48 basis points from 30,970.52 basis points to 31, 047.99 basis points.

The gains recorded by 20 stocks led by Ecobank Transnational Incorporated caused the market capitalisation of the listed equities on the NSE to rise by N51bn or 0.28 per cent to close at N10.628tn, up from N10.577tn.

The index of the 30 most capitalised stocks on the floor of the NSE was up by 0.37 per cent to close at 1,411.69 basis points, while the banking index rose by 0.02 per cent to close at 345.15 basis points.

Ecobank, which led Thursday’s gainers, appreciated by 8.16 per cent or N1.66 to close at N22.00 per share.

It was followed by Access Bank Plc and Unity Bank Plc, which gained 4.79 per cent and 4.72 per cent to close at N5.03 and N2.44 per share, respectively.

Other top gainers include Oando Plc, Ikeja Hotel Plc, Diamond Bank Plc, Vitafoam Nigeria Plc, Continental Reinsurance Plc, Skye Bank Plc and Transnational Corporation of Nigeria Plc.

There were 29 losers led by Cement Company of North Nigeria Plc, which was down by 9.39 per cent or N1.08 to close at N10.42 per share.

Among the key losers were Trans-nationwide Express Plc, FCMB Group Plc, May & Baker Nigeria Plc and Unilever Nigeria Plc.

In all, 222.219 million shares worth N2.838bn were traded in 3,696 deals on Thursday, compared to 423.151 million shares valued at N7.493bn in 3,961 deals the previous day.

 

 

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