NSE Index adds 0.12% as Eterna Oil, Okomuoil, Redstarex lead gainers

THE equities segment of the Nigerian Stock Exchange started the month of November on a bright note as lead index added 0.12 percent to close at 27,252.48 basis points.

The improved performance was prevalent on strengthened investors sentiments as market breadth closed with 17 gainers to 16 losers.

Eterna Oil Plc led the gainers chart with 9.96 percent appreciation to close at N3.09 per share, Okomuoil followed with a gain of 9.18 percent to close at N47 per share, while Red Star Express Plc advanced 5 percent to close at N4.20 per share.

Unity Bank and Learn Africa Plc added 4.76 and 4.29 percent each to close at 66 and 73 kobo respectively. Other gainers include Dangote Flour, FBN Holdings, FCMB, Guinness, Skye Bank, and PZ.

Guaranty Trust Bank, Continental Reinsurance, Zenith Bank, Glaxosmithkline, Flourmills and UBA also made the gainers list following gains of varying degrees.

Subsequently, overall investors worth improved as market capitalization added N11.1 billion to close at N9.361 trillion from N9.350 trillion recorded in the previous trading session.

The total volume traded however depreciated by 15 percent to 187.6 million shares valued at N1.3 billion in 3,065 deals as against 219.9 million shares valued at N1.9 billion traded in 3,955 deals on Monday.

Transactions in the shares of Dunlop topped the activity chart with 27.9 million shares valued at N13.9 million. Sterling Bank Plc followed, having traded 25.9 million shares worth N23.3 million, while Transcorp Plc traded 16.1 million shares valued at N14.1 million.

Meanwhile, UAC-Property Plc led the days declining stocks with a depreciation of 4.92 percent to close at N3.09 per share, Union Bank Nigeria Plc plunged 4.87 percent to close the day at N4.30, Oando Plc dropped 4.86 percent to close at N4.70 per share, International Breweries Plc lost 4.62 to close at N19 per share and Sterling Bank depreciated 4.44 percent to close at 86 kobo per share.

Other declining stocks were Transcorp, Honeywell Flourmills, Wema Bank, Vitafoam, UACN, UPL, Livestock feeds, Fidelity Bank, Custodian and Allied Insurance, United Capital and Nigerian Breweries.