Market Report

Nigerian Breweries, Lafarge, other stocks spur market N31bn value increase

by Iheanyi Nwachukwu

October 10, 2016 | 12:54 pm
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At the close of trading at the local bourse yesterday, Nigerian Breweries plc rallied most from N145.8 to N148.01, adding N2.21; while Lafarge Africa plc followed after advancing by N1.8, from N47.2 to N49.

Seventeen (17) stocks gained against twenty-four (24) losers. Also, GTBank shares rose from N23.45 to N23.9, adding N0.45; while that of Zenith Bank plc rallied by N0.32, from N14.23 to N14.55.

On the losers table, Guinness Nigeria plc dipped most from N88.45 to N79.83, down by N8.62; while the share price of Mobil Oil Nigeria plc declined from N191.72 to N185, losing N6.72.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.32%, while the Year-to-Date (ytd) return stood at -2.50%.   The All Share Index closed at 27,925 points against the preceding day close of 27,835.22 points.

Listed equities’ value rose by N31billion as Market Capitalisation closed at N9.592 trillion against preceding day close of N9.561 trillion.

The volume of stocks traded decreased by 14.63%, from 200.84million to 171.46million, while the total value of stocks traded increased by 87.77%, from N922 million to N1.730 billion in 3,045 deals.

The Financial Services sector led Monday’s activity chart with 145.69million shares exchanged for N1.282 billion; followed by Conglomerates with 9.90million shares traded for N13million.

With all key sectors save for Oil & Gas closing higher in yesterday’s session, Vetiva Capital analysts believe this suggests an improvement in market sentiment. “On this note, we expect the NSE ASI to add more points in the session ahead,” according to the analysts.


Iheanyi Nwachukwu

by Iheanyi Nwachukwu

October 10, 2016 | 12:54 pm
  |     |     |   Start Conversation

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