NSE Halts 5-Day Losing Streak as Shares Prices Appreciate
The Nigerian Stock Exchange (NSE) halted a 5-day losing streak Tuesday, with the NSE All Share Index advancing by 2 basis points to 28,344.04 points.
After its recorded sum of N3.40 billion gain, year to date return improved to 5.60% while market capitalisation settled at N14.812 trillion.
Basically, the gains on the benchmark index was driven by bargain hunting on Stanbic IBTC, Nigerian Breweries and Zenith Bank.
At the end of trading, the top gaining stocks were Eterna Plc share price rose further by 9.77% to N4.38, International Breweries also gained 9.56% to N4.70 and Regency Assurance surged 9.09% to N0.24.
On the flip side, the loser’s table was led by E-Tranzact Plc with share price declined 9.79% to N2.12, Royal Exchange Plc lost 7.41% to N0.25, and Portland Paints Plc dropped 6.98% to N2.00.
“Performance across our coverage was mixed”, analysts at Chapel Hill Denham stated.
The NSE consumer goods, the NSE insurance and the NSE oil & gas were top gainers, climbing by 88bps, 34bps and 11bps respectively.
However, the NSE banking index was the sole loser, shedding 1.18% while the NSE industrial goods index closed flattish.
Market’s activity remained mixed, with volume traded increasing by 45.19% to 536 million units while value traded fell by 0.81% to N5.019 billion.
Today’s most traded stocks by volume were Regency Alliance Assurance (245.79mn units), Guaranty Trust Bank Plc (100.31mn units) and UBA Plc (32.95mn units).
Meanwhile the top traded by value are Guaranty Trust Bank Plc (N3 billion), Stanbic IBTC Plc (N526.81 billion) and Zenith Bank Plc (N295.30 billion).
Today, the Chapel Hill Denham’s Paramount Equity Fund (PEF) and the Women Investment Fund (WIF) both lost 7bps and 76bps respectively.
Read Also: Interbank Rates Remain at Low Single Digit despite Liquidity Drop
NSE Halts 5-Day Losing Streak as Shares Prices Appreciate
