Skip to main content

Airtel, Nestle, NB lead the Bulls to a home win, investors gain N106.3 billion


Nigerian stock market on Friday reversed previous day loss as the All Share Index rose by 0.83% to close the week at 24,829.02 index point. Consequently, investors gained N106.3 billion as market capitalization improved to N12.952 trillion.
Market upturn was paired with mixed activity levels, as total volume declined by 127.20million units while value increased by 32.57% to N2.15billion. GUARANTY was the most traded by volume and value at 38.314million units and N870.50billion.

Market sentiment, as measured by market breadth, was positive, as 14 stocks gained, relative to 13 decliners. NEMEITH and PZ were the top gainers of the day with 9.60% and 9.38% price appreciation, while FIDSON and  recorded the largest declines with -9.70% and -4.94% depreciation in share value.
Sector performance was positive as three indices gained, against depreciation in the Energy (-0.45%) and Industrial Indices (-0.35%). The Consumer Goods Index appreciated by 0.96%, while the lender’s and Insurance Indexes ascended by 0.64% and 0.04% respectively.

The Consumer Goods Index rose on the back of appreciations in UACN (+6.43%) and NESTLE (+1.78%). Gains in ETI (+9.38%),FCMB (+1.64%) and AIICO (+2.06%) buoyed the lenders and the insurance Indexes. Conversely, the Oil and gas and Industrial index declined by -0.45% and -0.35%, impelled by losses in OANDO and DANGCEM respectively.
Top gainers 
AIRTELAFRI  up 9.97% to close at N328.7,UACN up 6.43% to close at N7.45,ETI up 9.38% to close at N5.25,NESTLE up 1.78%  to close at N1200,NB up 0.86% to close at N35

Top losers  
FIDSONdown 9.70% to close at N2.98,PZ down 4.94% to close at  N3.85,OANDO down 4.00% to close at N2.4,DANGCEM down 1.54% to close at N128,FLOURMILL down 1.01% to close at N19.6
Outlook  
Nigerian bourse finished the week on a positive note as blue chip stocks AIRTEL, NESTLE, NB brought the bulls back in. However, Nairametrics envisages cautious buying, as market liquidity remains generally thin.


Labels:

Comments

Post a Comment

Popular posts from this blog

Introducing Randalin: The Girl with The Crazy Ass

Post a Comment
Read more

Kobe Bryant dead in California helicopter crash

Legendary NBA player Kobe Bryant has died in a California helicopter crash, reports said Sunday. He was 41. Bryant was among at least four people traveling in his private helicopter over Calabasas when a fire broke out, sending the chopper spiraling from the sky,  according to TMZ Sports . The crash occurred around 10 a.m. local time amid foggy conditions in the hills overlooking Calabasas, with the chopper sparking a brush fire on impact that hampered initial rescue efforts,  according to The Los Angeles Times . There were no survivors, and the cause of the crash is under investigation, according to TMZ. Authorities investigating the crash  confirmed to KTLA – Channel 5  that at least five people were killed in the crash, but did not identify the victims by name. Bryant’s wife, Vanessa, was not among those aboard the chopper, according to reports. He is also survived by the couple’s four daughters, with the youngest born just last June. Bryant starred for two decad
Post a Comment
Read more

Zika-Linked Cases of Microcephaly Rise in Brazil

The number of cases of microcephaly in Brazil associated with the Zika virus has risen to 4,863 —up from 4,690 a week ago. Confirmed cases of the virus reached 641, while suspected cases now total 4,222, Reuters reported on Wednesday morning, citing the Ministry of Health. The Zika epidemic—which is now spreading through the Americas and prompting a dedicated response from the U.S. Centers for Disease Control and Prevention—is centered in Brazil. Read more: How Brazil Uncovered the Possible Connection Between Zika and Microcephaly Doctors believe the virus is linked to microcephaly, a birth defect involving an abnormally small head and incomplete brain development, though there is not yet definitive scientific proof of the link.
Post a Comment
Read more