GAINERS
COMPANY OPENING CLOSING CHANGE
CADBURY 57.00 59.58 2.85
NB 165.02 167.50 2.48
GLAXOSMITH 64.80 66.00 1.20
DANDECEM 194.00 195.00 1.00
OKOMUOIL 43.94 44.50 0.56
LOSERS
COMPANY OPENING CLOSING CHANGE
WAPCO 105.26 100.00 -5.26
OANDO 15.00 14.00 -1.00
NESTLE 1,250.00 1,249.50 -0.50
TRANSCORP 4.80 4.34 -0.46
CAP 50.45 50.00 -0.45
The Nigerian Equities Market changed its course yesterday driven majorly by gains recorded by largely capitalised stocks. At the close of trade yesterday,the stock market recorded marginal gain of 0.09% and also halted the two days of 'bear' reign.
Market Statistics as at Wednesday 27 November 2013
ASI(Points) 39,011.31
DEALS(Numbers) 4,761
VOLUME(Numbers) 361,783,665
VALUE(N billion) 4.764
MARKET CAP(N trillion) 12.477
The NSE All Share Index(ASI) rose to 39,011.31 points from the preceding day's 38,975.16 points; while market capitalisation of equities listed on the main board from N12.466trillion to N12.477trillion,adding N11billion. In 4,761 deals, investors exchanged 361,783,665 shares valued at N4.764billion.
Analysts at UBA capital commented on the outing yeswterday,saying,they remain bargain hunters, "especially as price correction in our preference counters presents an opportunity to build new positions ahead of 2014 rally".
"Even as we note renewed interest of local pension funds in equity(partly in preparation for the fund categorisation which may require more asset allocation to equities),we reiterate that the market is faily valued for the year,with negligible fundamental upside at 12.8x P/E"
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