NSE Index Bounces Back With 0.38% Leap

Trading activities on the floor of  the Nigerian equities market bounced back in the week on a positive note to end four days consecutive loss.

 

The NSE All-Share Index appreciated by 0.38 per cent to close at 33,384.59, while market capitalization increased N43.25 billion to close at N11.40 trillion.

 

 

The gain was recorded on the back of appreciation in the prices of blue chip companies from the banking and consumer goods categories. The gain reduced the Year-to-Date loss to 3.67 per cent.

 

Four of the NSE sectoral indices appreciated while only one declined. The Consumer Goods index led with a 0.72 per cent jump, while the Industrial Goods index followed with a 0.69 per cent. gain. The NSE Banking and NSE Insurance indices went up by 0.60 per cent and 0.27 per cent in that only. Only the NSE Oil/Gas index declined by 0.18 per cent.

 

In all, 28 stocks appreciated against 21 decliners. Diamond Bank led the gainers with 5.46 per cent. Presco Plc, International BreweriesPlc, AIICO Insurance Plc and Transnational Express Plc went up by 5.0 per cent, 4.9 per cent, 4.3 per cent and 4.1 per cent respectively.