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NSE index rises by 0.51%

By on March 12, 2015

The equities segment of the Nigerian Stock Exchange witnessed a strong bargain on Tuesday, closing on a positive note for the second day this week.

The NSE All-Share Index rose by 159.35 basis points or 0.51 per cent to close at 31,355.28 basis points, while the market capitalisation of the listed equities rose by N53bn or 0.51 per cent to close at N10.463tn.

Both indicators had appreciated by 0.5 per cent to close at 31,195.93 basis points and N10.410tn, respectively on Monday.

The NSE 30 Index, which measures the performance of the top 30 stocks on the Exchange, rose by 0.57 per cent to 1,442.93 basis points, while the NSE Lotus Islamic Index was up by 0.2 per cent to 2,063.35 basis points. The NSE Alternative Securities Market Index closed flat at 1,212.94 basis points.

A review of the NSE sectoral indices showed that they all appreciated on Tuesday with the NSE Banking Index putting in the best performance. It rose by 1.03 per cent to close at 368.83 basis points.

The NSE Industrial Index rose by 0.51 per cent to close at 1,972.08 basis points; followed by the NSE Consumer Goods Index, which gained 0.3 per cent to close at 789.31 basis points.

The NSE Insurance Index and the NSE Oil and Gas Index were little-changed, edging up by 0.05 per cent and 0.01 per cent to close at 142.50 basis points and 375.49 basis points in that order.

The banking sub-sector led the activity chart, accounting for 38.5 per cent of the 528.864 million shares valued at N5.296bn traded in 4,955 deals on Tuesday.

In the sub-sector, investors exchanged 203.646 million shares worth N2.330bn in 1,822 deals with Zenith Bank Plc, Guaranty Trust Bank Plc, Skye Bank Plc and United Bank for Africa Plc driving volume.

In all, 26 stocks appreciated in value, while Aiico Insurance Plc topped the gainers’ table, rising by 6.74 per cent or six kobo to close at 95 kobo per share.

It was followed by Conoil Plc and Ikeja Hotels Plc, which appreciated by five per cent each to close at N35 and N4.20 per share, respectively.

Fidelity Bank Plc gained 4.86 per cent, while Transnational Corporation of Nigeria Plc was up by 4.76 per cent to close at N2.86 per share.

 

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