Stock Market Index Wraps Up 2015 With 3.11% Gain

The Nigerian Stock Exchange, NSE, closed the year 2015 on a positive note as lead indicators increased by 3.11 per cent.

The All Share Index soared 864.42 points higher to close at 28,642.25 points compared to 1,014.59 points gained previously to close at 27,777.83 points, while market capitalization added N297.3 billion to close at N9.9 trillion compared to N351.5 billion added previously to close at N9.6 trillion.

The day’s gains were sustained by ample increases in Sectoral indices as they all closed positive with the exception of the NSE ASeM Index which closed flat.

The NSE Consumer Goods Index topped the sectoral indices with an increase of 5 per cent due to gains recorded by Nigerian Breweries which added 9.68 per cent or N12 to close at N136 per share and Nestle which also grew by 4.24 per cent or N35 to close at N860 per share.

Market breadth likewise closed positive with 33 gainers pitched against 6 losers. Top three gainers for the day were Nigerian Aviation Handling Company Plc., which increased by 10.20 per cent or 35 kobo to close at N3.78 per share followed by Transnational Express Plc., which added 9.71 per cent or 10 kobo to close at N1.13 per share, while Nigerian Breweries Plc., gained 9.68 per cent or N12 to close at N136 per share.

On the other hand, Cadbury Plc topped the losers chart with a decline of 4.99 per cent or 90 kobo to close at N17.15 per share, followed by Cutix Plc., which depreciated by 2.92 per cent or 5 kobo to close at N1.66 per share, while Skye Bank Plc., dropped 2.47per cent or 4 kobo to close at N1.58 per share.

At the end of the day’s transactions, investors on the Nigeria Stock Exchange had in 2,160 deals exchanged a total of 252.2 million shares valued at N3.9 billion in contrast to a total of N1.4 billion shares worth N1.95 billion exchanged in 2,559 previously.