Stock Market Maintains 4-Day Bullish Streak, Records 0.36% Gains

Market pulse on the Nigerian Stock Exchange (NSE) today- Thursday February 19th 2015, closed bullish, despite Brent crude falling by $2 to $58.53 a barrel, amid worries about global oversupply following big rise in US oil inventories and rising output from Saudi Arabia. The Street Journal reports that the equity market closed green due to positive performances from the oil & gas, insurance and consumer goods sectors, leaving the banking sector alone closing red. Trading activities increased in volume as 564.28 million shares worth N6.09 billion in 4,385 deals exchanged hands today. This is an increase from the 424.33 million shares worth N3.49 billion in 4,731 trades carried out on Wednesday. Topping in volume terms was Computer Warehouse Group Plc. Guaranty Trust Bank Plc. and Access Bank Plc., while Guaranty Trust Bank Plc. and Nigerian Breweries Plc. ended trading as the most active stocks in value terms.

The All Share Index (NSEASI) closed positive with a 0.36% (+104.46) increase to 29,282.04 from 29,177.58 the previous trading day. Market Capitalization appreciated in tandem to N9.77 trillion from N9.74 trillion the prior trading day. The BGL 50 Index also followed suit with a 0.23% increase to close at 124.37 from 124.09 the previous trading day, while its market capitalization stood at N9.00 trillion from N8.99 trillion the previous trading day.
Okonjo-Iweala
A total number of 25 stocks gained on the bourse today while 13 stocks declined, leaving 63 stocks unchanged. On the gainers’ chart, Okomu Oil Palm Plc. led with a gain of 10.21% to close at N33.89 per share. . It was followed by May & Baker Nigeria Plc. with a gain of 9.30% to N1.41 per share. Others on the gainers chart include; Seplat Petroleum Dev. Co. Ltd. Presco Plc. and Npf Microfinance Bank Plc. On the decliners’ list, Julius Berger Nig. Plc. led with a loss of 5.06% to close at N38.08 per share. It was followed B.O.C. Gases Plc. with a loss of 4.93% to close at N5.21 per share. Others on the decliners’ list are; Premier Breweries Plc. Africa Prudential Registrars Plc. and UBA Capital Plc.

Okomu Oil Palm Plc. emerged the toast of investors as it topped the BGL 50 Index gainers’ list with a gain of 10.21% to close at N33.89 per share. It was followed Seplat Petroleum Dev. Co. Ltd. with a gain of 5.00% to N436.80 per share. Others on the gainers chart include; Presco Plc. and Continental Reinsurance Plc. and Diamond Bank Plc. On the decliners’ list, Julius Berger Nig. Plc. led with a loss of 5.06% to close at N38.08 per share. It was followed Transnational Corporation Of Nigeria Plc. with a loss of 4.32% to close at N2.66 per share. Others on the decliners’ list are; AIICO Insurance Plc. International Breweries Plc. and Zenith Bank Plc.

Author: News Editor

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