Bears on rampage as market cap. loses N129bn

Trading activities on the floor of Nigerian Stock Exchange yesterday sustained bearish trend as equity value, declined by N129 billion. Specifically, Market capitalisation of listed equities depreciated by 0.90 per cent to N14.994 trillion from N15.132 trillion reported the previous day.The NSE All Share Index dropped by 267.73 basis points to 29110.90 points from 29379.63 traded on Tuesday. 

Investors traded 242.758 million shares valued at N4.591 billion in 3556 deals against 250.931 million shares valued at N4.829 billion exchanged hands in 4561 deals.

A review of the transactions for the day showed that Flour Mills Nigeria Plc led gainers table during the day, appreciating by N1.20 kobo to close at N22.35 kobo, Nigerian Breweries Plc followed with a gain of N1.00 to close at N55.00, Union Bank of Nigeria gained N0.10 kobo to close at N6.00, Julius Berger added N0.10 kobo to close at N22.25 kobo, Oando Plc up by N0.10 kobo to close at N3.74 kobo.

On the contrary, MTN Nigeria Communications Plc recorded the highest loss dropping by N5.00 to close at N120.00, Guaranty Trust Bank trailed with a loss of N0.90 kobo to close at N30.10 kobo, Unilever Nigeria Plc fell by N0.80 kobo to close at N15.00, UAC of Nigeria depreciated by N0.55 kobo to close at N10.00, BOC Gas down by N0.45 kobo to close at N4.50 kobo.

The result further showed that Zenith Bank Plc was the most active stock during the day, trading 46.571 million shares valued at N980.701 million, Unilever Nigeria Plc followed with account of 25.005 million shares worth N375.324 million, Guaranty Trust Bank traded 24.335 million shares cost N740.241 million, FCMB group sold a total of 21.083 million shares valued at N41.105 million while United Bank for Africa exchanged 12.371 million shares valued at N101.993 million.

Matched content

Be the first to comment

Leave a Reply

Your email address will not be published.