NSE index rises 0.44%, as Access Bank, Nestle, Transcorp gain

 

Trading on the Nigerian Stock Exchange (NSE) closed Friday on a positive note as the all share index (ASI) rose by 0.44 per cent at 29,878.33 basis points on attractive price sales, while market capitalization improved by N44.82 billion to close at N10.24 trillion.

Five of the nine NSE sector indices recorded gains today as the lotus Islamic Index rose 2.5 per cent to close at 2,164.48 points followed by the Consumer Goods Index which appreciated by 2.1 per cent to close at 752.78 points

The Oil and Gas index also increased by 1.5 per cent to close at 334.35 points while NSE 30 Index improved by 0.6 per cent to close at 1,345.32 points

The NSE Pension Index also gained 0.5 per cent to close at 878.07 points.

Conversely, The NSE Industrial Index led the sectoral losers by 0.23 per cent loss to close at 2,229.47 points trailed by the NSE insurance index with a decline of 0.22 per cent to close at 133.60 points.

While NSE Alternative Securities market index decreased 0.21 per cent to close at 1,207.64 points, despite impressive H1 results released this week by Sterling Bank Plc, Guaranty Trust Bank Plc. And Access Bank Plc, the NSE Banking Index lost 0.4 per cent to close 295.07 points.

Market breadth was negative with 16 gainers to 27 losers.

Access Bank led the equity gainers with a 9.84 per cent or 42 kobo increase to close at N4.69 per share, Nestle Nigeria Plc. followed with a gain of 9.52 per cent or N83.98 to close at N965.98 per share.

Transnational Corporation of Nigeria rose 7.76 per cent or 17 kobo to close at N2.36 while Paint and Coatings Manufacturers appreciated by 4.76 per cent or 5 kobo to close at N1.10 per share.

Skye Bank also added 4.74 per cent or 9 kobo to close at N1.99

On the other hand Nigeria-German Chemicals Plc topped 27 equity losers with a loss of 9.63 per cent or 55 kobo to close at N5.16 per share. FCMB Group Plc declined by 5.58 per cent or 13 kobo to close at N2.20 per share

Ikeja Hotel Plc., Costain Plc and Etranzact Plc. dropped 5 per cent each to close at N2.85, 57 kobo and N3.42 per share respectively.