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NSE: Equities Market Halts Losing Streak, Gains N16b

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) on Thursday recovered from its three-day losing streak, making investors heave a sigh of relief.

The major market indicators ended in the green zone today and there is optimism that this would extend tomorrow.

Leading the pack is the all-share index, which advanced by 0.18 percent or 46.71 points to close at 26,464.82 points.

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In the same vein, the market capitalisation finished well at N9.105 trillion after going up by N16 billion.

Investors at the market on Wednesday pumped N1.4 billion on a total of 189 million shares which were executed in 3,161 deals.

In the price movement chart, Forte Oil recorded the highest rise of N8.75k to close at N94.22k per share, while ConOil went up by N3.65k to end at N39.45k per share.

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Also, Beta Glass appreciated by N2.95k to finish at N31.83k per share, Guinness gathered N1.23k to close at N88.73k per share and CCNN raked 21k to end at N4.63k per share.

However, Presco Plc lost N1.99k to close at N40.1k per share, International Breweries fell by 66k to end at N17.30k per share, CAP Plc depreciated by 60k to finish at N31 per share, GTBank declined by 14k to end at N24.66k per share, while Honeywell slumped by 6k to close at N1.23k per share.

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A total of 18 equities appreciated on the floor of the stock exchange today against 13 stocks that depreciated.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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