Nigeria, Kenya and South African Bourses See Gains

The Nigerian Stock Exchange has sustained its steady bullish momentum after rising by 0.15% to a 25,330.10 close. The rise of the local bourse was due to buying interest in STANBIC (+4.5%), FBNH (+1.0%) and GUARANTY (+0.2%) driving the benchmark index up 15bps.

After 3,411 deals, investors gained ₦20.0billion as market capitalization advanced to ₦13.2trillion while YTD loss moderated to -5.6%. Activity level was mixed as volumes traded fell by 28.1% to 180.7million units while value traded rose 16.0% to ₦1.355bn.

The top traded stocks by volume were FIDELITY which sold 26.6million units, UBA with 19.5million units and ACCESS with 19.0million units. NESTLE (₦198.1million), ZENITH (₦172.8million) and GUARANTY (₦159.5milliin) led by value.

Your Friends Also Read:  CAF Unveils Women's Football Strategy To Stakeholders

The Insurance and Banking indices closed on a negative, down 92bps and 3bps respectively, owing to price depreciation in UBA (-1.5%), CORNERSTONE (-9.7%) and CUSTODIAN (-2.0%). On the other side, the Consumer Goods index was the lone gainer, up 16bps due to buying interest in PZ (+5.0%), CHAMPION (+7.1%) and GUINNESS (+1.3%). Lastly, the Oil & Gas, Industrial Goods and AFR-ICT indices closed flat.

The top gainers were FTNCOCOA (+10.0%), NNFM (+9.8%) and UPL (+9.6%) while CORNERSTONE (-9.7%), AFRIPRUD (-6.7%) and WAPIC (-2.9%) lost the most.

Following a six-day consecutive bullish streak, we expect to see some profit-taking in subsequent trading days.

Your Friends Also Read:  Militants Kill 23 in Eastern D.R. Congo Village

In South Africa, the JSE FTSE rose 0.82% or 458.01bps to 56,572.24. Y-o-Y the South African index has advanced 5.13%.
In Kenya, the Nairobi Securities Exchange’s All Share Index gained 1.01% or 1.35bps to close at 135.24. Year-on-Year, the leading securities exchange in East African was down -8.74%.

Find more stories like this one here











All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

Oshoala’s Barcelona knocked out of UEFA Women’s Champions League

Next Article

Mali: ECOWAS Delegate Meets Buhari, Seeks End to Military Sanctions

Related Posts
Powered by Live Score & Live Score App