The Nigerian Inventory Change Industrial Index on the shut of buying and selling actions for the week ended seventeenth February 2021, depreciated by 0.72%, to shut at 1,908.19 index factors.
On the finish of the seventh buying and selling week, the Index shed 13.83 index factors in complete to shut decrease for the week at 1,908.19 index factors, as shares of BUA Cement, Beta Glas, Cutix declined on NSE.
A preview of the efficiency of the index revealed that as of the shut of buying and selling actions on Friday seventeenth February 2021, the index stood at 1908.19 index factors, from 1922.02 index factors on the shut of commerce on Friday twelfth February 2021.
What you need to know
The NSE Industrial Index was designed to supply an investable benchmark to seize the efficiency of the Industrial Sector. It includes probably the most capitalized and liquid corporations within the industrial sector and relies in the marketplace capitalization methodology.
The index screens the efficiency of ten industrial corporations on the Nigerian Inventory Change which incorporates Dangote, BUA, and Lafarge Cement.
The general efficiency of the businesses was comparatively bearish because the index closed on a unfavorable word with three losers and three gainers, whereas the opposite 4 corporations closed flat.
BETAGLAS (-9.75%) led the loser’s chart for the week, whereas PORTPAINT (+14.44%) led the gainer’s chart.
- PORTPAINT up 14.44% to shut at N3.25
- CAP up 5.56% to shut N19.00
- WAPCO up 1.01% to shut at N25.00
- BETAGLAS down 9.75% to shut at N50.00
- CUTIX down by 5.70% to shut at N2.15
- BUACEMENT down by 1.37% to shut at N72.00