Stock Market Report: Intense Sell Pressure Leads To 4.19% All Share Index Decline

Market pulse on the Nigerian Stock Exchange (NSE) today- Thursday January 8th 2015 remained strongly bearish as crude oil prices settles below US$50 per barrel. The market closed negative due to negative performance of all the NSE sub sectors (consumer goods, banking sector, insurance sector and oil and gas sector). Trading activities increased in volume as 454.02 million shares worth N4.42 billion in 4,235 deals exchanged hands today. This is a decline from the 393.37 million shares worth N5.46 billion in 3,930 trades carried out on Wednesday. It is instructive to note that the volume of transactions increased while the value of transactions decreased. Topping in value terms was FCMB Group Plc, ETI and Access Bank, while ETI and Dangote Cement Plc led ended trading as the most active stocks in value terms.

The All Share Index (NSEASI) closed negative with 2.40% decrease to 30,420.54 from 31,167.54 the previous trading day. Market Capitalization declined in tandem to N10.07 trillion from N10.32 trillion the prior trading day.The BGL 50 Index also closed negative with 2.53% decline to close at 129.07 from 132.42 the previous trading day. Its market capitalization also slowed to N9.34 trillion from N9.58 trillion the previous trading day.
NIGERIA-ECONOMY-CBN

Market breath closed negative with 12 gainers and 34 losers out of a total of 52 stocks that were active today. Leadingthe pack was Livestock Feeds Plc. with a gain of 4.88% to close at N2.15 per share. It was followed by Cutix Plc. with a gain of 4.84% to close at N1.30 per share. Others on the gainers’ list include; VonoPlc. Total Plc and FBN Holdings. On the decliners’ list, Access Bank Plc. led with a loss of 5.19% to close at N5.19 per share. It was closely followed by FCMB Group Plc. with a loss of 9.46% to close at N2.01 per share. Others on the decliners’ list are; Guinness Nig Plc. National Salt Co. Nig. Plc. and Oando

Atop the BGL 50 Index gainers’ list is Livestock Feeds Plc. with a gain of 4.88% to close at N2.15 per share. It was followed by Total Nigeria Plc. with a gain of 3.84% to close at N152.13 per share. Others on the gainers’ list include; FBN Holdings Plc. Custodian and Allied Insurance Plc. and CAP Plc. On the decliners’ list, Access Bank Plc. led with a loss of 5.19% to close at N5.19 per share. It was closely followed by FCMB Group Plc. with a loss of 9.46% to close at N2.01 per share. Others on the decliners’ list are; Guinness Nig Plc. National Salt Co. Nig. Plc. and Oando Plc

Author: News Editor

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