Bears return as market cap dips by N17bn


Investment in the nation’s equity market on Tueaday returned to bearish trend, declining by N17 billion.
The  trading activities during the day showed that Market Capitalisation of listed equities declined by 0.13 per cent to N12.867 trillion from N12.884 trillion reported the previous day. 
The Nigerian Stock Exchange (NSE) All Share Index also depreciated by 34.74 per cent to 26660.44 points from 26695.18 points traded on Monday.


Investors traded 331.915 million shares valued at N4.780 billion in 3358 deals against 170.523 million shares worth N2.050 billion in 2700 deals.
An analysis of the transactions showed that Presco Plc led gainers table during the day, gaining N4.00 to close at N47.50 kobo, Guinness Nigeria Plc followed with a gain of N3.20 kobo to close at N35.60 kobo, United Bank for Africa gained N0.20 kobo to close at N7.20 kobo, Access Bank Plc increased by N0.20 kobo to close at N10.00, United Capital Plc added N0.10 kobo to close at N2.30 kobo.


On the contrary, Dangote Cement industry Plc topped losers chart, dropping by N2.00 to close at N140.00, Nascon trailed with a loss of N0.75 kobo to close at N13.25 kobo, International Breweries down by N0.60 kobo to close at N9.50 kobo, UPD Creit fell by N0.40 kobo to close at N4.05 kobo, Wapco declined by N0.30 kobo to close at N13.90 kobo.


The result furrher revealed that Access Bank was the most active stock during the day, exchanging 106.858 million shares worth N1.068 billion, Guaranty Trust Bank followed with account of 50.118 million shares valued at N1.479 billion, Zenith Bank traded 46.635 million shares cost N875.557 million, Transnational Corporation of Nigeria sold 24.080 million shares worth N23.525 million, FCMB group exchanged 20.534 million shares cost N37.597 million.

Leave a Reply