Value of stocks on the Nigerian Stock Exchange rose by N5 billion today driven by price appreciation in Nigeria Breweries, Stanbic IBTC and International Breweries.
According to the NSE trading results, total value of shares (capitalisation) improved marginal to N14.816 trillion today from N14.811 trillion yesterday, while year-to-date, YTD, return improved to 5.6%.
Similarly, the NSE All-Share Index closed today at 28,344.04 points, representing two basis points lower than 28,337.49 recorded on Monday.
Activity level was however mixed as volume of stocks traded rose 45.1% to 535.8 million units while value of stocks to traded fell 0.8% to ₦5 billion.
The most traded stocks by volume were REGALINS (245.8m units), GUARANTY (100.3m units) and UBA (32.9m units) while GUARANTY (₦3.0billion), STANBIC (₦526.8million) and ZENITH (₦295.3million) led by value.
The Consumer Goods index led the gainers, up to 0.9% on the back of gains in NIGERIAN BREWERIES (+1.0%), INTBREW (+9.6%) and CADBURY (+1.4%). In the same vein, the Insurance and Oil & Gas indices appreciated 0.3% and 0.1% respectively, due to price uptick in AIICO (+3.7%) and ETERNA (+9.6%). On the flip side, the Banking and AFR-ICT indices declined 1.2% and 6bps respectively on the back of losses in GUARANTY (-2.5%), UBA (-2.9%) ETRANZACT (-9.8%). Lastly, the Industrial Goods index closed flat.