Nigerian Stock Market Statistics (Thursday, 24th April, 2014)

Trading activities on the Nigerian Stock Exchange closed on a negative note as the NSE All Share Index (ASI) declined 46 basis points to close at 39,011.90 points. Similarly, market capitalisation declined by N59.9 billion to close N12.8trillion. Conversely volume and value traded advanced 33.3 per cent and 110.4 per cent to close 475.2million units and N11.1billion apiece. This can be attributable to major crossings in large cap stocks.

All Indices the market indices declined led by the NSE Insurance Index with 1.1 per cent on account of gains in Mansard Insurance (4.9%), AIICO (2.5%) and NEM Insurance (1.3%). The NSE Industrial Index followed suite with a 0.5 per cent decline attributable to losses in the prices of CCNN (2.1%), Ashaka Cement (1.2%) and Dangote Cement (0.9%). Similarly the NSE Oil & Gas, Consumer and Bank declined 0.5%, 0.5% and 0.4 per cent respectively.

Market breadth was negative at 0.7x as 20 stocks advanced against 30 decliners. Top gainers at the end of today’s trading session include Costain (5.0%), Redstar Express (4.9%) and FBN Holdings (4.9%), while top losers were Mansard Insurance (4.9%), IPWA (4.9%) and Seplat (4.8%).