NSE’s All-share index appreciates by 0.2 per cent

NSE (Nigerian Stock Exchange)

NSE (Nigerian Stock Exchange)

YESTERDAY, the domestic equity market continued its positive streak by closing in the green zone as speculative trading remains prevalent given the attractive prices on some listed equities. Highlighting the mixed performance of sectoral indices, analysts observed that the number of losers (28) outweighed the gainers (20) yesterday signifying budding selling pressure.

Overall, the equities market closed on a positive note, as Nigerian Stock Exchange (NSE) All Share Index (ASI) appreciated by 0.20 per cent to close at 30,825.00 basis points, compared with the 0.72 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 11.06 per cent.

Market breadth however closed negative as Transexpr led 20 gainers against 28 losers topped by Scoa at the end of yesterday’s session – an unimproved performance when compared with previous outlook.

Market turnover also closed positive as volume surged by 165.48 per cent against 42.89 per cent decline recorded in the previous session. UBA, FBNH and Hmarkins were the most active to boost market turnover. Guaranty and FBNH topped market value list.

Volume shockers included Prestige which led the list of active stocks that recorded impressive volume spike at the end of yesterday’s ses

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