NSE ASI Appreciates 0.03% As Seplat Leads Dangote Cement, Stanbic On Gainers Chart

The equities market closed on Tuesday a positive note, as NSE ASI appreciated by 0.03% to close at 23,834.87basis points, compared with the 0.37% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -16.78%

The marginal appreciation recorded in the share prices of Dangote Cement, UBA, Access Bank, Stanbic IBTC Holdings, PZ Cussons and Dangote Sugar were mainly responsible for the marginal gain recorded in the value of the Index.

The total value of stocks traded on the floors of The NSE today was N2.41bn, down by 52.67% from N5.10bn traded yesterday. The total volume of stocks traded was 313.67mn in 3,451 deals.

The three most actively traded stocks were: UBA (123.03mn), Sterling Bank (50.10mn) and Zenith Bank (33.37mn). The most actively traded sectors were: Financial Services (290.31mn), Consumer Goods (9.63mn) and Conglomerates (3.90mn).

Market breadth closed negative as SEPLAT led 22gainers against 17 losers topped by Glaxosmith at the end of today’s session- an improved performance when compared with previous outlook.

Market turnover closes positive as volume moved up by 19.56% against 8.70% uptick recorded in the previous session. UBA, Sterling Bank and Zenith bank were the most active to boost market turnover. Zenith Bank and Guaranty top market value list.

Sterling Bank leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

Altogether, a total of 313,677,000 shares worth N2.411billion exchanged hands in 3,451deals.