Equity market dips by N165bn

Transactions on the floor of Nigerian Exchange (NGX) closed lower, declining by N165 billion following loss recorded by small and medium stocks.

Market capitalisation of listed equities declined by 0.42 per cent to N38.875 trillion from N39.040 trillion reported the previous day.

The NGX All Share Index also depreciated by 311.24 basis points to 71041.05 points from 71353.81 points traded on Monday.

A review of the investment showed that NSLTech led gainers table in percentage terms, appreciating by 10 per cent to close at N0.66 Kobo, Mecure followed with a gain of 9.99 per cent to close at N10.13 per share,  SUNU Assurance increased by 9.68 per cent to close at N1.36 per share, Conhall Plc added 9.17 per cent to close at N1.19 per unit, Royal Express increased by 6.35 per cent to close at N0.67 per unit.

On the contrary, Omatek recorded the highest loss , dropping by 10 per cent to close at N0.81 per share, Ikeja Hotel and Neimeth international Pharmaceutical trailed with a loss by 9.87 per cent each to close at N4.20 and  N2.01 per share respectively.

Wapic declined by 9.72 per cent to close at N0.65 per share while CWG dipped by 9.45 per cent to close at N6.90 per unit.
Volume of trades declined by 212.047 million representing 28.40 per cent as investors traded 534.619 million shares valued at N5.619 million in 8136 deals against 746.666 million shares valued at N5.945 billion exchanged hands the previous day in 9267 deals.

Transactions in the shares of AccessCorp led market activities with 52.358 million shares valued at N942.760 million, Transnational Corporation of Nigeria followed with account of 46.556 million shares worth N309.916 million, UPDC REIT traded 46.210 million shares cost N181.326 million, United Bank for Africa exchanged 36.345 million shares worth N774.304 million, Unity Bank Plc sold a total of 31.252 million shares cost N52.586 million.

UNI Agric Markurdi
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