Economy

NSE: Market indicators rebound by 0.18%

Published

on



Trading activities rebounded on the Nigerian Stock Exchange (NSE) on Tuesday due to price growth posted in some large and medium capitalised equities.

The All-Share Index (ASI) increased by 48.35 points, representing a growth of 0.18 per cent to close at 26,739.44 compared with 26,691.09 achieved on Monday.

Similarly, the market capitalisation grew by N23 billion or 0.18 per cent to close at N12.905 trillion against N12.882 trillion posted on Monday.

The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Conoil, MTN Nigeria, Forte Oil, Nigerian Breweries and Ekocorp.

Analysts at Afrinvest Limited said that “We expect to see a mixed performance following improved interest in the market.”

Analysts at Cordros Capital said that the market might continue to benefit over the short-term, especially in the face of lower yields in the fixed income market

Market breadth closed positive, with 20 gainers compared with 13 losers.

Ekocorp recorded the highest price gain in percentage terms, appreciating by 10 per cent to close at N4.07 per share.

ConOil came second with a gain of 9.74 per cent to close at N16.90, while Learn Africa inched 9.43 per cent to close at N1.16 per share.

Neimeth International Pharmaceuticals inched 9.09 per cent to close at 48k, while Academy Press appreciated by 8.82 per cent to close at 37k per share.

On the other hand, Associated Bus Company led the losers’ chart in percentage terms with a loss of 8.89 per cent, to close at 41k per share.

United Capital followed with a decline of 5.22 per cent to close at N2.18, while Aiico Insurance dropped 5.19 per cent to close at 73k per share.

Consolidated Hallmark Insurance lost 5.13 per cent to close at 37 kobo, while Livestock Feeds shed 3.85 per cent each to close at 50k per share.

Also, the total volume traded appreciated by 28.05 per cent with an exchange of 394.35 million shares worth N6.54 billion traded in 4,405 deals.

This was in contrast with 307.96 million shares valued at N2.54 billion transacted in 4,609 deals on Monday.

Transactions in the shares of UACN topped the activity chart with 117.68 million shares valued at N826.98 million.

FBN Holdings followed with 47.84 million shares worth N323.88 million, while Access Bank traded 40.33 million shares valued at N391.77 million.

Zenith Bank traded 21.01 million shares valued at N390.72 million, while United Bank for Africa sold 20.20 million shares worth N144.51 million.

Edited by Oluwole Sogunle

https://nnn.ng/nse-market-indicators-rebound-by-0-18/

Icardi double gives PSG 2-0 win at Reims Ronaldo double earns point for Juventus at Roma Messi back in scoring business in dream start for Koeman Ajibade, Azeez win Asiwajuniwa Cycling Tournament KDSG advises civil servants against strike Paris knife attack suspect says he was targeting Charlie Hebdo – Police source Congolese security forces thwart rebel attempt to seize mining hub 171 millionaires emerge in Dangote Cement Promo President Buhari greets Onabule at 81 Oba Oniru wants LASG to recognize “Isese Day” Onyeama calls for peace in Enugu APC World Tourism Day: NCF showcases Nigeria’s rich conservation park‍  I-G condemns attack on security convoy in Borno 2020/2021 Legal Year: Clergy tasks judges on justice, fight against corruption FG applauds CAN’s roles in nation building Bankers institute re-certifies NDIC academy as training provider for banking industry Post COVID-19: Expert proffers strategies for business revival Vardy’s hat-trick inspires Leicester City to 5-2 win over Manchester City Community repatriates 43 Nigerian women stranded in Lebanon Electricity: Ojota community protests ‘crazy’ bills, disconnections LASG says MSMEs key to economic recovery  Valentino picks Milan over Paris for rare live fashion show 60th Independence: Sanwo-Olu urges citizens to rededicate to nation’s unity In Paris, a fashion eco-system on edge as shows disappear French Open: Wawrinka thrashes Murray as big match falls flat 13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives