The Nigerian Stock Exchange records marginal growth

14 Oct The Nigerian Stock Exchange records marginal growth

The Nigerian Stock Exchange (NSE) recorded marginal growth on Tuesday, appreciating by 0.02 per cent on renewed bargain hunting to halt downward posture of four consecutive trading sessions.
Specifically, the All-Share Index increased by 6.55 points to close at 28,344.04 compared with 28,337.49 posted on Monday.
Similarly, the market capitalisation which opened at N14.811 trillion rose by N3 billion or 0.02 oer cent to close at N14.814 trillion.
The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Stanbic IBTC, Nigerian Breweries, International Breweries, Eterna and Cadbury.
Market breadth closed positive with 18 gainers against 15 losers.
A breakdown of the activity chart shows that Eterna led the gainers’ chart in percentage terms, growing by 9.77 per cent to close at N4.38 per share.
International Breweries followed with 9.56 per cent to close at N4.70, while Regency Alliance Insurance rose by 9.09 per cent to close at 24k per share.
Chams and Courteville Business Solutions appreciated by five per cent each to close at 21k per share each.
Conversely, eTranzact led the losers’ chart in percentage terms, losing 9.79 per cent to close at N2.12 per share.
Royal Exchange trailed with a loss of 7.41 per cent to close at 25k, while Portland Paints and Products Nigeria dipped 6.98 per cent to close at N2 per share.