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Index Remains Helpless Despite 0.05 Per Cent Gain in Alternative Securities Market

Security markets for emerging business, the Alternative Securities Market, ASeM, on Monday, May 11, recorded marginal gain in the last two months.

The ASeM was up 0.05 per cent to close at 1,213.52 points. The Nigerian Stock Exchange had in April 2013 launched the market for emerging businesses, but despite the gain in the market, the lead indicators closed negative.

However, despite the ASem gain, the All Share Index plunged 0.13 per cent to close at 34,341.88 points, compared to the loss of 0.04 per cent recorded on Friday, May 8 to close at 34,388.21 points.

Market capitalization shed N16 billion to close at N11.66 trillion, higher than the depreciation of N4 billion recorded on Friday, MAy 8, to close at N11.67 trillion.

The NSE 30-Index lost 0.20 per cent to close at 1,577.55 points, while the Banking Index fell 0.96 per cent to close at 393.42 points.

Caverton Plc gained 17 kobo or 4.93 per cent to close at N3.62 per share, while Red Star Express Plc appreciated 23 kobo or 4.89 per cent to close at N4.93 per share. NASCON Plc was up 40 kobo or 4.82 per cent to close at N8.70 per share.

Unity Bank Plc depreciated 25 kobo or 9.54 per cent to close at N2.37 per share, while Fidelity Bank Plc dropped 12 kobo or 6.25 per cent to close at N1.80 per share. Eco Bank Plc shed N1.22 or 4.98 per cent to close at N23.27 per share, while Skye Bank Plc depreciated 12 kobo or 4.80 per cent to close at N2.38 per share. Air Service Plc dipped nine kobo or 4.29 per cent to close at N2.01 per share. A total of 207.3 million shares valued at N2.36 billion were traded in 3, 907 deals.

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Comments (2)

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