A Review of the Nigerian Energy Industry

NSE index falls by 0.30%

17 September 2014, Abuja –  The equities segment of the Nigerian Stock Exchange closed on a negative note on Tuesday as equities failed to halt a poor run.

Consequently, the NSE All Share Index fell by 0.30 per cent or 120.85 basis points to close at 40.648.15 basis points, as against the 0.24 per cent appreciation it recorded in the previous session to close at 40,769.00 basis points.

NSEIn the same vein, the market capitalisation of the listed equities fell by 0.30 per cent or N40bn to close at N13.422tn, down from N13.462tn.

A review of the sectoral indices showed that the NSE Industrial Index recorded the best performance for the day. It rose by 0.04 per cent to close at 2,675.64 basis points, up from 2,674.66 basis points.

The worst hit of the sectoral indices, however, was the NSE Oil and Gas Index, which shed 1.70 per cent to close at 448.87 basis points, down from 456.62 basis points the previous day.

Investors exchanged a total of 519.118 million shares valued at N4.211bn in 4,573 deals on Monday, compared to the 2.183 billion shares worth N47.740bn, which were traded the previous day in 4,084 deals.

According to the Exchange, the most traded equities are Diamond Bank Plc, AIICO Insurance Plc, Transnational Corporation of Nigeria Plc, FBN Holdings Plc and Zenith Bank Plc.

In all, 24 stocks appreciated in price on Tuesday, while 27 equities recorded losses.

Premier Breweries led the gainers, rising by 4.97 per cent or 22 kobo to close at N4.43 per share.

It was followed by Champion Breweries Plc, which gained 4.95 per cent or 41 kobo to close at N8.70 per share.



– The Punch

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