May 28, 2022

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

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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.

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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:

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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

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