NSE ASI: Profit Taking Pressure Drops 2.25 Percent

 

By John Okoh, Lagos

Transactions on the floor of Nigerian Stock Exchange (NSE) practically succumbed to profit taking pressure on Tuesday as key market indicators continued to decrease as observed on Monday.

Specifically, the market went down by 2.25 percent, thereby bringing the year to date return to 38.04 percent.

The All Share Index closed at 37,096.60 against the previous close of 37,950.96 while Market Capitalization closed at N12.786 trillion against previous close of N13.081 trillion. Volume traded increased by 23.88 percent from 316.122 million to 391.625 million, while the total value of stock traded increased by 28.69 percent from N4.224 billion to N5.436 billion in 5,285 deals.

The Financial Services sector led the activity chart with 348.06 million shares exchanged for N4.109 billion. Consumer Goods came next with 15.764 million shares traded for N1.003 billion, Conglomerates, Services, Oil And Gas sectors followed in that order on the activity chart.

Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, FBN Holding Plc, and Guaranty Trust Bank Plc were the most active stocks by volume. Berger Paints Plc, Glaxo SmithKline Plc, Golden Brewery, Conoil Plc and Learn Africa Plc emerged the highest price gainers.

Morison Industries Plc, PZ Cusson Plc, Stanbic IBTC Holding Plc, Cement Company of Northern Nigeria Plc and National Salt Company of Nigeria Plc topped the loser’s table.

A total of 99 companies shares were traded with 11 gainers and 35 losers, while 53 stock prices remained unchanged at the close of business on Tuesday.

 

TOP FIVE GAINERS ON TUESDAY AUGUST 15, 2017

PREVIOUS PRICE             CURRENT PRICE

BERGER:                                  6.80                                     7.14

GLAXOSMITH:                       20.00                                   21.00

GOLDBREW:                           0.85                                     0.89

CONOIL:                                   32.59                                   33.89

LEARNAFRCA:                        0.79                                     0.82

 

TOP FIVE LOSERS ON TUESDAY AUGUST 15, 2017

PREVIOUS PRICE             CURRENT PRICE

MORISON:                                0.98                                     0.90

PZ:                                              27.00                                   25.65

STANBIC:                                  41.00                                   38.95

CCNN:                                        10.68                                   10.15

NASCON:                                   12.30                                   11.69