Capital Market Featured

Cautious trading: NSE Index closes flat

By Meletus EZE

Activities on the nation’s bourse closed flat on Tuesday with the All-Share Index increasing marginally by 0.01 per cent.

TBI Africa quoted that the News Agency of Nigeria (NAN) reports that the index rose by 4.16 points or 0.01 per cent to close at 30,736.88 compared with 30,732.72 achieved on Monday.

Also, the market capitalisation, which opened at N11.460 trillion, grew by two billion naira or 0.02 per cent to close at N11.462 trillion.

An analysis of the price movement table shows that Seplat led the gainers’ table, gaining N10 to close at N540 per share.

Red Star Express came second with 40k to close at N4.80, while Guaranty Trust Bank gained 40k to close at N32.10 per share.

Custodian and Investment added 35k to close at N6.50, while Oando advanced by 30k to close at N4.70 per share.

Conversely, Presco recorded the highest loss to lead the laggards’ table, dropping by N2 to close at N60 per share.

Cement Company of Northern Nigeria (CCNN) trailed with a loss of N1.90 to close at N25, while Nigerian Breweries shed N1 to close at N80 per share.

United Bank for Africa was down by 10k to close at N7.25, while NEM Insurance declined by 10k to close at N2.50 per share.

However, the volume and value of shares traded dropped by 50.72 per cent and 55.88 per cent, respectively.

A total of 245.99 million shares worth N2.44 billion were exchanged by investors in 3,320 deals.

This was against the 499.21 million shares valued at N5.53 billion traded in 3,874 deals on Monday.

Diamond Bank drove through activity chart having accounted for 71.58 million shares worth N149.05 million.

Access Bank followed with an account of 26.99 million shares valued at N151.13 million, while Guaranty Trust Bank traded 26.57 million shares worth N847.79 million.

United Bank for Africa exchanged 21.96 million shares valued at N159.78 million, while FBN Holdings traded 16.94 million shares worth N123.62 million.

 

 

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