NSE UPDATE FOR 14TH DECEMBER 2016- MARKET CAP RUN UP TO N9BILLION

NSE UPDATE FOR 14TH DECEMBER 2016– MARKET CAP RUN UP TO N9BILLION

The Nigerian Capital Market resumes today with the following market indicators:

ASI 26,071.16
DEALS 2,885.00
VOLUME 376,698,830.00
VALUE 2,411,861,997.09
CAP 8,970,470,816,291.45

The market remain bullish with the following market barometer:

ASI 26,407.64
DEALS 3,275.00
VOLUME 205,404,024.00
VALUE 4,278,607,587.55
CAP 9,086,245,759,672.53

As predicted yesterday, the market capitalisation increased to N9billion, the festive season is on the way and investors are gathering all the money they need for it. Though, I predicted Friday, the market capitalisation increase to it new pick today, Wednesday. However, it is possible for the market capitalisation to drop down immediately the festive season begins and at the beginning of the new year.

READ ON FINANCE MORNING FOR 1ST DECEMBER 2016

The Market capitalisation increase by 1.29 percent. The ASI increased by 336.48 basis point. The volume and value of equities traded in the exchange are 205,404,024.00 and N4,278,607,587.55 respectively in 3,275 deals.

The top five gainers are:

COY. PREV. CLOSE. +Δ
SEPLAT 374.85 400 25.15
FO 117.11 129.1 11.99
DANGCEM 162 165.02 3.02
GLAXOSMITH 14 15 1
INTBREW 18.05 18.94 0.89

The top five losers are:

READ ON ECOBANK ANNOUNCES APPOINTMENT OF GREG DAVIS AS CHIEF FINANCIAL OFFICER

COY. PREV. CLOSE. -Δ
NB 145.01 143.05 -1.96
UNILEVER 44.98 43.84 -1.14
MOBIL 300 299 -1
BETAGLAS 32.99 32 -0.99
CHAMPION 2.61 2.5 -0.11

The highest gainer is Seplat and highest loser is Nigerian Breweries.

NSE top trades by volume are:

UBA. 54,699,104
DIAMONDBNK 22,008,154
ZENITHBANK 21,188,751
REGALINS 14,664,204
FCMB 11,192,295