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Home Sectors BUSINESS & ECONOMY NSE Index Gains 0.15% As Trading Slips Out of Bear Hold
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NSE Index Gains 0.15% As Trading Slips Out of Bear Hold

July 13, 2016
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    Stock Market Dips Further In Face Of More Deals
    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, July 12, reversed the negative trend as the NSE All Share Index  gained 0.15 percent to close at 28,857.34 points compared to the decline of 0.14 percent recorded previously to close at 28,813.51 points.

    Similarly, Market capitalisation appreciated by N15.1 billion to close at N9.911 trillion compared to the loss of N14.2 billion recorded previously to close at N9.895 trillion.

    Market breadth closed with 14 gainers to 29 losers, Nigerian Aviation Handling Company Plc (NAHCO) led the gainers chart, having gained 4.92 percent or 19 kobo to close at N4.05 per share. Fidelity Bank Plc gained 4.39 percent or 5 kobo to close at N1.19 per share, while AIICO Insurance Plc garnered 4.11 percent or 3 kobo to close at 76 kobo per share.

    Stocks of Diamond Bank Plc improved by 3.78 percent or 7 kobo after falling for three consecutive days, to close at N1.92, while Access Bank Plc gained 3.70 percent or 20 kobo to close at N5.60 per share.

    On the other hand, GSK Nigeria Plc topped the losers chart with a loss of 9.67 percent or N2.01 to close at N18.77 per share, while Skye Bank dipped for the fourth consecutive day following the CBN intervention by 7.59 percent or 6 kobo to close at 73 kobo per share.

    Transnationwide Express Plc shed 7.27 percent or 8 kobo to close at N1.02 per share and Oando Plc dropped 5.91 percent or 44 kobo to close at N7.01 per share, while Forte Oil Plc dropped 5.00 percent or N8.59 to close at N163.31 per share.

    Transcorp recorded the highest volume of activities, exchanging 28.2 million shares worth N41.01 million, Guaranty Trust Bank came second with an exchange of 25.5 million shares valued at N611.2 million, while PRESCO sold 13.1 million shares worth N472.3 million.

    At the end of the day’s transactions, investors, in 4,542 deals sold a total of 207.6 million shares valued at N3.6 billion compared to a total of 275.4 million shares valued at N3.4 billion, exchanged in 4,865 deals previously.

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      2 COMMENTS

      1. BizWatch Nigeria July 13, 2016 At 7:22 am

        NEW POST: #NSE Index Gains 0.15% As Trading Slips Out of Bear Hold https://t.co/HK3XXVQC9c https://t.co/qve7SVOROB

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      2. Eventpreneur July 13, 2016 At 7:22 am

        NSE Index Gains 0.15% As Trading Slips Out of Bear Hold https://t.co/NzbQhteBcI https://t.co/0kqNdkBUwj

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