NSE indices show first growth in July, up by 0.16 pct

Market indicators of the Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month, reversing the three-day bearish trend.

The indices appreciated by 0.16 per cent just as the volume of shares traded decreased by 45.88 per cent.

The All-Share Index appreciated marginally by 52.46 points or 0.16 per cent to close at 32,354.78 against 32,302.32 posted on Wednesday.

In the same vein, market capitalisation inched ₦18 billion or 0.16 per cent to close at ₦11.151 trillion compared with ₦11.133 trillion achieved on Wednesday.

A breakdown of the price movement chart indicated that Seplat recorded the highest price gain to lead the gainers, growing by ₦4.95 to close at ₦465 per share.

7UP followed with a gain of ₦3.79 to close at ₦82 and Dangote Cement appreciated by ₦1.93 to close at ₦203.94 per share.

Oando increased by 35k to close at ₦7.39, while Zenith Bank advanced by 20k to close at ₦20.40 per share.

On the other hand, Nigerian Breweries led the laggards’ table, dropping by ₦3.35 to close at ₦155 per share.

Okomu Oil Palm came second with a loss of ₦1.85 to close at ₦56.15 and Flour Mills declined by ₦1.14 to close at ₦22 per share.

Guinness shed ₦1 to close at ₦62 and UACN was down by 86k to close at ₦16.50 per share.

NAN reports the volume of shares transacted dropped by 45.88 per cent with an exchange of 168.51 million shares valued at ₦3.63 billion achieved in 3,536 deals.

This was against a total of 311.38 million shares worth ₦2.97 billion traded in 4,312 deals on Wednesday.

Guaranty Trust Bank was the most active stock for the day, accounting for 36.32 million shares valued at ₦1.23 billion.

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