NSE opens 2018 with 0.06% gain as 27 gainers emerge

Equities trading on the Nigerian Stock Exchange closed Tuesday, the first trading day in the year 2018 on a positive note, as NSEASI appreciated by 0.06 per cent to close at 38,264.79 basis points.

This was in comparison with a 0.66% appreciation recorded in the previous session when ASI closed at 38243.19 basis points. The Year-to-Date (YTD) returns thus stands at 0.06 per cent.

The market capitalization similarly gained 1.10 per cent or N7.7 billion to close at N13.617 trillion,
Investor sentiment closed positive as market breadth closed with 27 gainers and 13 losers.

FCMB led the gainers chart with an increase of 6.76 per cent to close at N1.58 per share. CAP followed with a growth of 5 per cent to closed at N35.70; and Africa Prudential Registrars gained 4.98 per cent to close atN4.43
On the other hand, the day’s top three losers were NEM, ETI and Omomorbank. They shed 4.82, 4.29 and 4 per cent to close at N1.58, N16.27 and 72 kobo, respectively.

Activity chart showed, 248.6 million units of shares were sold at a value of N1.784bn in 3,035 deals.
Top five stocks traded for the day were Transcorp, Zenith Bank, Skye Bank, FCMB and Access.

Transcorp sold 102.8 million shares for N150.7m, Zenith Bank exchanged 24.8 million shares for N643m, Skye Bank sold 15.6 million shares for N7.8m, FCMB traded 13.6 million units at N21.1m and Access transacted 11.2 million units at N117.2m.