NSE Market Indicators Sustains Increase By 1.26 Percent As Guinness Top Profit Table

John Okoh, Lagos

Activities on the floor of Nigerian Stock Exchange (NSE) on Tuesday continued on a positive note as the key market indicators sustained increase by 1.26 percent, while the year to date return stood at 41.40 percent.

Guinness Nigeria Plc that is currently soliciting the support of its existing shareholders to raise fresh capital through right issue that will end on August 30, 2017 led the gainers table.

The All Share Index closed at 37,999.56 against the previous close of 37,525.38 while Market Capitalization closed at N13.097 trillion against previous close of N12.934 trillion. Volume traded decreased by 14.25 percent from 254.485 million to 218.217 million.

While the total value of stock traded decreased by 12.52 percent from N5.797 billion to N5.071 billion in 5,336 deals, the Financial Services sector led the activity chart with 143.59 million shares exchanged for N1.396 billion.

Consumer Goods came next with 35.891 million shares traded for N3.157 billion while Services, Conglomerates, Oil And Gas sectors followed in that order on the activity chart.

FCMB Holding Plc, Zenith Bank Plc, Sterling Bank Plc, Guaranty Trust Bank Plc, and United Bank for Africa Plc were the most active stocks by volume.

On the gainers table, Guinness Nigeria Plc, Dangote Flour Plc, Nigeria Aviation Handling Company Plc, C& I Leasing Plc and Nestle Nigeria Plc emerged the highest price gainers, while Morison Industry Plc, Caverton, Conoil Plc, Presco Oil Plc and Oando Plc topped the loser’s table.

A total of 109 companies shares were traded on Tuesday with 31 gainers and 20 losers, while 58 stock prices were unchanged.

 

TOP FIVE GAINERS ON TUESDAY AUGUST 8, 2017

PREVIOUS PRICE             CURRENT PRICE

GUINNESS:                            72.00                                    79.38

DANGFLOUR:                       5.80                                       6.39

NAHCO:                                  3.10                                       3.41

CILEASING:                           1.10                                       1.20

NESTLE:                                  1,060.00                                1,154.93

 

TOP FIVE LOSERS ON TUESDAY AUGUST 8, 2017

PREVIOUS PRICE             CURRENT PRICE

MORISON:                              1.13                                       1.03

CAVERTON:                           1.26                                       1.15

CONOIL:                                  36.40                                     34.58

PRESCO:                                  74.50                                     70.78

OANDO:                                   7.80                                       7.50