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Stock Index Rises 0.3% Amid Renewed Bargain Hunting - Business - Nairaland

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Stock Index Rises 0.3% Amid Renewed Bargain Hunting by Nwaforj44: 6:49am On Sep 05, 2018
Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent.

Specifically, at the close of transactions yesterday, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.3 per cent to close at 34,933.86 points. Similarly, the market capitalisation gained N35 billion to close at N12.753 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, Guaranty Trust Bank, Zenith Bank, FBN Holdings, and Custodian and Allied Insurance.

Analysts at APT Securities and Funds Limited, said: “the NSE-ASI ended the trading session on a positive note to reflect prior prediction. We hope to see more bargain hunting as we go further into the trading week.”

Market breadth closed positive, with 23 gainers versus 18 losers. Aiico Insurance recorded the highest price gain of 10 per cent, to close at 99 kobo per share. Jaiz Bank followed with a gain of 8.89 per cent to close at 49 kobo, while CI Leasing rose by 8.80 per cent to close at N2.72 per share.Diamond Bank gained by 8.70 per cent to close at N1.25, and Japaul Oil and Maritime Services rose 8.33 per cent to close at 26 kobo per share.

On the other hand, Fidson Healthcare, PZ Cussons Nigeria, and Universal Insurance led the losers’ chart by 10 per cent each, to close at N5.40, N13.50, and 36 kobo respectively. Tripple Gee and Company shed 9.41 per cent to close at 77 kobo, while Guinea Insurance depreciated by 8.57 per cent to close at 32 kobo per share.

The total volume traded appreciated by 82.82 per cent to 240.46 million shares worth N3.61 billion, traded in 3,400 deals. Transactions in the shares of United Bank for Africa topped the activity chart with 54.44 million shares valued at N436.03 million.Access Bank followed with 38.45 million shares worth N359.44 million, while Stanbic IBTC traded 35.23 million shares valued at N1.68 billion.Guaranty Trust Bank traded 15.75 million shares valued at N576.77 million, while Aiico Insurance transacted 14.31 million shares worth N14.16 million.

http://www.akelicious.net/2018/09/stock-index-rises-03-amid-renewed.html

Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by aolawale025: 6:59am On Sep 05, 2018
These prices should rise o
Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by GodIsFoolish: 8:15am On Sep 05, 2018
hmm
Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by israelmao(m): 8:23am On Sep 05, 2018
Only daring and resilient investors can remain here.
Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by AlphaStyles(m): 8:39am On Sep 05, 2018
Chai this is the perfect time to make profit
Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by 4601CE(m): 8:42am On Sep 05, 2018
israelmao:
Only daring and resilient investors can remain here.
how?
Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by famosh: 8:56am On Sep 05, 2018
4601CE:
how?
Bro, don't mind the daft & dumb PDP sycophant! It thinks the investors are blind like him & his fellow PDP sycophants!

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Re: Stock Index Rises 0.3% Amid Renewed Bargain Hunting by harpazo(m): 9:51am On Sep 05, 2018
I don't understand, as at yesterday evening, on tvc biz news, diamond bank was recorded the highest loser at 5.3%. How come, in less than seven hours! ops, anybody can help explain. Thank you.

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