Home Business Equities Market Closes Last Day Trading in 2019 Positive

Equities Market Closes Last Day Trading in 2019 Positive

L – R: Joseph Ogbeide, Brand Manager, The Nigerian Stock Exchange (NSE); Olufemi Shobanjo, Head, Broker Dealer Regulation, NSE; Elsie Okpocha; Bola Adeeko, Divisional Head, Shared Services, NSE; Bright Okpocha aka Basketmouth, Ace Comedian; Ann Obaseki, Talent Manager; Kenneth Nwafor, Head, Market Operations, NSE; and Opeoluwa Adesanya, Head, State Owned Enterprise Listings, NSE at the End of Year Closing Gong Ceremony which held at The Exchange, Lagos on Tuesday.

The Nigerian Stock Exchange (NSE) equities market closed positive on last day of trading in 2019 as NSE All Share Index (ASI) gained 0.87per cent to close at 26,842.07 basis points.

However, the equities market closed negative 14.60 per cent in 2019 in what analysts attributed to political uncertainty and weak economy indicators.

Similarly, in today’s trade, market breadth index was positive with 24 gainers against 12 losers.

Today’s performance was mainly due to the gains recorded in Vita Foam (+10 per cent), Seplat Petroleum plc (+10 per cent), Mansard (+10.00 per cent), Glaxosmith (+9.91 per cent)  and Corner stone Insurance plc (+9.76 per cent) recorded which offset the losses in Cutix (-8.28 per cent), Lasaco (-7.41 per cent), Chams Plc (-5.71 per cent), Africa Prudential  (-4.31 per cent) and Courtville Business Solution Plc (-4.17 per cent).

Sector performances were positively skewed today as Oil & Gas (+6.71 per cent), Industrial (+2.17 per cent) and Banking (+1.37 per cent) closed in the green. Consumer Goods (-0.28 per cent) closed down.

In terms of activity levels, while total volume increased by 175 per cent, total value declined by 24 per cent compared to Monday , as investors exchanged over 1.05billion units of shares worth over N5.50billion. Omomor Bank was the most actively traded stock with about 796million units of shares worth about N438million.





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