NSE Market Capitalisation Gains N107b Thursday - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BBNAIJA  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  MOVIES  |  COMEDY VIDEOS  |  DEAL CHANNEL



SEARCH ANYTHING BELOW:-

ads1


NSE Market Capitalisation Gains N107b Thursday



The bulls continued to dominate trading on the nation’s bourse with the market capitalisation appreciating further by N107 billion on Thursday, amid gains by blue chips.

Speficially, the market capitalisation inched higher by N107 billion or 0.79 per cent to close at N13.581 trillion from N13.474 trillion achieved on Wednesday.

Also, the All-Share Index grew by 204.12 points or 0.79 per cent to close at 25,987.14 against 25,783.02 recorded on Wednesday.

The upturn was impacted by gains recorded in large and medium capitalised stocks, among which are; Nigerian Breweries, Mobil, Dangote Cement, Lafarge Africa and Guaranty Trust Bank.

Analysts at United Capital Plc said that the market was reacting to the monetary policy action.

“As expected, interest for equities improved and reactions at the bond market also mirrored expectations. We expect to see continuous flow of funds into the equities markets, especially from local investors.

“The banking names remain our preferred pick given the impressive H1, 2020 results as well as the increasingly cheap cost of deposits, which should keep profit margin buoyant,” they said.

Analysts at Afrinvest Limited said “We expect the market to close the week in the green as investors continue to buy low-priced stocks.”

Market sentiment closed positive with 25 stocks in contrast with seven losers.

Nigerian Breweries led the gainers’ chart in percentage terms, gaining 10 per cent to close at N47.85 per share.

Union Diagnostics with eight per cent to close at 27k, while Royal Exchange rose by 7.41 per cent to close at 29k per share.

Lafarge Africa garnered 6.82 per cent to close at N14.10, while C & I Leasing appreciated by 6.33 per cent to close at N4.20 per share.

On the other hand, Ardova dominated the losers’ chart in percentage terms, dropping 9.65 per cent to close at N10.30 per share.

DAAR Communications followed with 9.09 per cent to close at 30k, while Red Star Express lost 7.69 per cent to close at N3 per share.

Wapic Insurance shed 7.69 per cent to close at 36k, while Unilever Nigeria depreciated by 5.56 per cent to close at N13.60 per share.

However, the volume of shares traded decreased by 13.24 per cent as investors bought and sold 359.31 million shares worth N3.87 billion in 3,576 deals.

This was against a total of 414.16 million shares valued at N6.28 billion exchanged in 3,793 deals on Wednesday.

Sterling Bank topped the activity chart with an exchange of 71.89 million shares valued at N83.41 million.

Guaranty Trust Bank sold 51.73 million shares worth N1.35 billion, while Zenith Bank traded 44.54 million shares valued at N759.12 million.

Fidelity Bank accounted for 37.05 million shares worth N67.02 million, while Flour Mills transacted 29.42 million shares valued at N588.34 million.

Source:- NAN



 Whatsapp  Twitter  Facebook




CLICK HERE TO COMMENT ON THIS POST
Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348173379226 Or +2348143945195

Whatsapp: +2349027283345







SPONSORED LINKS






Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


       





MUSIC OF THE WEEK



© 2014-2020 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.