NSE: Investors Sustain Positive Trade Performance

Amid the impact of the coronavirus pandemic,  investors trading on the Nigerian Stock Exchange (NSE) made positive performances as transactions closed with a gain of N259 billion.

According to the audit report, the price of GT Bank, Dangote Cement, MTNN and oil and gas stocks shares appreciated propelling the All Share Index (ASI) up by 2.32 percent to settle at 21,879.95 points.

Similarly, investors gained N259 billion as market capitalization advanced to N11.402 trillion while year-to-date (YTD) loss moderated to -18.5%.

 However, the volume of stocks traded rose by 77.2 percent to 557.81 million units while the value of stocks traded declined by 47.9 percent to N2.62 billion, exchanged in 5,310 deals.

Investor’s sentiment towards stocks was positive as 29 equities recorded gains, while 12 others recorded losses. Oando topped the gainers’ chart with 10 percent to close at N2.64 per share, Nigerian Breweries trailed with 9.91 percent to close at N24.40, Conoil was next with 9.89 percent to close at N14.45, Stanbic garnered 9.62 percent to close at N28.50 while Chams gained 9.52 percent to close at 0.23 kobo.

On the flipside, PZ topped the losers’ chart with 9.09 percent to close at N4. Redstarex followed with a loss of 5.86 percent to close at N2.73, Lasaco dipped by 4.35 percent to close at 0.22 kobo, Transcorp lost 4.29 percent to close at 0.67 kobos while Neimeth fell by 3.85 percent to close at 0.50 kobo.

Omoluabi led the activity chart with the sale of 293 million shares valued at N161.15 million. FBN Holdings sold 51.81 million shares worth N243.45 million while UBA traded about 35.64 million valued at N220.51 million.