Equities Market Summary

Detailed below is the equities market summary:

INDEX:                                   31,091.69pts    

NET CHANGE %:               -0.40%

NET CHANGE VALUE:     -125.03

VALUE:                                  N1.788bn ($9.080mn)

Comment:

·         NSE 30  -0.47%; NSE50 -0.45%; NSE BNK -0.38%;  NSE CNSM - 1.02%

·         NSE IND -0.04%; NSE INS  0.24%; NSE LOTUS -0.22%;  NSE OILGS -1.03%

·         Key Drivers of NSE BNK: FCMB; FBNH; FIDELITYBK; ZENITHBANK & ETI

·         Key Drivers of NSE CNSM: NASCON; PZ;FLOURMILL; DANGFLOUR & NB

·         Key Drivers  of NSE IND:   CAP

·         Key Drivers of NSE INS: MANSARD & NEM

·         Key Drivers  of OILGAS: FO & OANDO

·         19 stocks advanced 30 declined and 58 remained unchanged.

·         The highest value of trades were in GUARANTY; NB; ZENITHBANK; DANGCEM & ETI

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Breaking News: Luxury cars to be assembled in Akwa-Ibom

Following the recent announcement of the volkswagen corporation to begin assembly of cars in Nigeria, the Government of Akwa-Ibom has released a statement that luxury cars will be assembled in the state. What are your thoughts? Share with us.