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Home Sectors BUSINESS & ECONOMY NSE Index Gains 0.02% on Improved Investors’ Sentiment
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NSE Index Gains 0.02% on Improved Investors’ Sentiment

October 17, 2016
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    Transactions on the floor of the Nigerian Stock Exchange, NSE, closed Friday, October 14, in the Green buoyed by  improved investor sentiment.
    Following the healthy bull run, market breadth that closed positive-20 advancers to 13 decliners, for the first time after 13 trading sessions.

    Market Performance which ended with a 0.02 percent gain in lead market indicator All Share Index was driven by gains recorded in twenty stocks led by Transnational Express Pl (Transexpr).

    The ASI closed at 27,861.03 basis points from 27,854.78 basis points recorded on Thursday while the NSE market capitalization rose to N9.569 trillion from N9.567 trillion, following a gain of N2.15 billion.

    Transexpr Plc leaped 6.67 percent or 7 kobo to close at N1.12 per share, Fidelity Bank Plc followed with a gain of 4.65 percent or 4 kobo to close at 90 kobo per share, while Nigeria Police Force Micro Finance Bank recorded a growth of 4 percent after adding 4 kobo to close at N1.04 per share.

    Guinness Nigeria Plc further extended Thursdays gain by 3.67 percent having added N2.94 to close at N83 per share, as 7up improved 3.50 percent or N5.40 to close at N159.90 per share.

    Other equity gainers were Oando, Guaranty, Transcorp, FCMB, AIICO Insurance and Skye Bank Plc.

    Livestock Feeds Plc, FBN Holdings Plc, Access Bank, Diamond Bank, United Capital, Eco Transnational Incorporated (ETI), Champion Breweries, Flourmill Plc and MRS Oil also recorded gains of varying degrees at the close of the day’s trade.

    Conversly, Wapco topped the losers chart with a loss of 6.80 percent or N3.10 to close at N42.50 per share, Cadbury Plc dropped 4.97 percent or 82 kobo to close at N15.67 per share, SCOA Plc also depreciated by 4.80 percent or 19 kobo to close at N3.77 per share.

    Forte Oil Plc came fourth on the losers list having shed 4.53 percent or N6.88 of its share price to close at N145.12 per share, while Pharma Deko Plc depreciated 4.49 percent or 8 kobo to close at N1.70 per share.

    Other losers were UACN, Sterling Bank, Red Star Express, Vitafoam, Zenith Bank, Nigerian Breweries and Betaglas.

    Diamond Bank Plc led the day’s top three traded stocks with the sale of 85.2 million shares valued at N102.2 million. Access Bank followed as investors purchased 30.8 million units of its shares worth N172.6 million while Guaranty Trust Bank exchanged 21.2 million units of shares worth N502.7 million.

    Market activity as measured by Volume and Value traded in 2,381 deals, settled at 220.9 million shares and N1.53 billion respectively compared to 155.6 million shares and N1.4 billion traded previously.
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