Eight Stocks to watch as NSEASI grew by 0.62%, Thursday

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Trading activities on the floor of the Nigerian Stock Exchange on Thursday closed in green as the All Share Index grew by 0.62% to close at 29,517.73 points against the previous close of 29,336.80 points on Wednesday.

Market capitalisation grew by 0.61% to close at N11.007 trillion from the previous close of N10.940 trillion, gaining N67 billion.

Volume and value of traded stocks grew by 59.75% and 39.45% to close at 375.24 million units and N3.02 billion respectively.

Market Breadth

Market breadth closed positive as 21 stocks gained against 16 stocks that lost.

Percentage Gainers

Law Union & Rock Insurance with 10% growth led other gainers to close at N0.55 from the previous close of N0.50

Julius Berger, Eterna Plc and Guaranty Trust Bank among other gainers grew 9.86%, 8.86% and 6.07% respectively.

Percentage Losers

Guiness led the losers’ chart, shedding 10% of its share price to close at N63 from the previous close of N70

NEM Insurance, UDPCRIET, Resort Savings & Loans, Linkage Assurance and NPF Microfinance Bank shed 9.95%, 9.85%, 9.76%, 9.72% and 9.38% of their share prices respectively.

Volume Drivers

  • Custodian Investment Plc traded about 120.27 million units of its shares in 29 deals, valued at about N697.6 million.
  • Access Bank traded about 60.48 million units of its shares in 396 deals, valued at about N317.38 million.
  • FBNH traded about 48.87 million units of its shares in 232 deals, valued at about N347.24 million.

Stocks to Watch

Investors should look be on the lookout for the following stocks:

  • ETERNAL PLC
  • CCNN
  • WEMA BANK
  • TRANSCORP
  • UBA
  • FIDELITY BANK
  • FBNH
  • FCMB

 

 

 

 

 

 

 

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