Equity Performance Rebounds At Exchange

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This week’s transactions

at the Nigerian Stock Exchange (NSE) seem to react to the hope expressed by the Director General of Securities and Exchange Commission (SEC), Ms Arunma Otch, driving the commissions three day outreach programme in Port Harcourt, as all the market indicators appreciated to open the week on bullish note.

It would be recalled that SEC Director said that the bulls time must return to NSE, stressing that the present situation will not last for ever.

Meanwhile, All-share Index (ASI) closed higher at 23,916.90 points, adding 0.38 per cent or 89.91 points to 23,826.99 points traded on Friday.

NSE market capitalis-ation also rose by N28.76 billion, from N7.62 trillion traded on Friday, to close higher at N7.65 trillion.

A total of 268,308,376 shares worth N2.14 billion, were traded in 5,080 deals, compared to 270,576,394 shares, valued at N1.85 billion which exchanged hands in 5,315 deals on Friday.

The value of traded equities appreciated by 16.09 percent or N296.98 million, to close at N2.14 billion, as against N1.85 billion traded by investors on Friday.

However, share volume showed a little decline of 0.84 percent or 2,268,018 shares, to close lower at 268,308,376 shares, from 270,576,394 shares traded on Friday.

NAHCO, Eternal Oil, UBA, Diamond and EcoBank fronted the gainers chart with 35 kobo, 20 kobo, 25 kobo, 23 kobo and 14 kobo per share, respectively.

On the other hand, starcomms, Redstarex and 12 tbriscoe all lost 32 kobo, 3 kobo and 17 kobo per share, to lead the losers chart.

Out of 151 companies that traded at the Exchange, 21 companies made gains in their transactions 29 companies lost, while the prices of 101 companies remained unchanged.