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- RESCUE OPERATION STILL ONGOING OVER COLLAPSED BUILDING IN GEORGE, SOUTH AFRICA
- WORLD BANK APPROVED US$68M FOR GIRAV PROJECT IN THE GAMBIA
- HOW LESSA PROJECT PRESENT AFFORDABLE ENERGY IN LIBERIA
- HOW OVER 200 HOUSES WITH CONNNECTED TO TOGO TINGA FUND PROJECT
NSE REALIZES AN INCREASE IN INDICES BY N4 BILLION
NSE indice escalates by N4 billion and encourages investor to invest in there earning season.
Nigerian Stock Exchange (NSE) share index rose by 0.03% that is from 42,158.32 to 42,148.40 on Tuesday. Also, capitalization of listed equities increased by N4 billion that is from n15.125 trillion to N15.129 trillion.
The changing pattern in the market calls for changes in investors/traders strategies to play the earnings season. Also expect short-term positioning for Q4 earnings reports, and volatility to continue as traders jump into the market on low price attraction ahead of dividend declaration.
Investors are advised to allow numbers guide their decisions while re-positioning for the rest of the year’s trading activities. Hence, now that stock prices is variable among improving company, economic and market fundamentals.
Guaranty Trust Bank emerged the day’s highest price gainer with 0.75 kobo to close at N48.00 per share. Also, National Salt Company of Nigeria followed with 0.55 kobo to close at N20.55 per share.
Flour Mill added 0.55 kobo to close at N32.55 per share. Zenith Bank gained 0.45 kobo to close at N31.50 per share. United Bank for Africa increased by 0.40 kobo to close at N12.60 per share.
Nestle lost 10.00 kobo to close at N1,370 per share while Mobil followed with 9.00 kobo to close at N190.00 per share. Nigerian Breweries droped by 3.50 kobo to close at N124.50 per share. Conoil lost 3.40 kobo to close at N32.10 per share. Julius Berger slumped 1.35 kobo to close at N25.95 per share.
Custodian and Allied insurance got the eyes of investors with 94 million shares worth N377million. FBN Holdings seconded with 61 million units worth N683million.
Fidelity Bank exchanged 455 million shares worth N169million. First City Monument Bank sold 48 million units valued at N110million. Transnational Corporation traded 31 million units worth N63million.
In all, Investors traded 570 million shares worth N5.3billion in 5,794 deals, higher than the 510 million units valued at N4.6billion that changed hands in 5,757 deals on Tuesday.
Also read, US CHAMBER OF COMMERCE SUPPORTS THE GROWTH OF DIGITAL ECONOMY IN AFRICA.