Equity market sustains declining profile, sheds N10bn


Trading activities on the floor of Nigerian Stock Exchange (NSE) Tuesday sustained declining profile, shedding N10 billion.


Specifically, market capitalisation of listed equities declined further by 0.10 per cent to N12.596 trillion from N12.606 trillion reported on Monday.

The NSE All Share Index also went down by 24.92 basis points to 26090.88 from 26115.80 traded the previous day.


 Investors traded 324.400 million shares valued at N1.661 billion in 1993 deals against 188.791 million shares cost N2.430 billion exchanged hands the previous day in 2605 deals.


An analysis of the investment during the day showed that Unilever Nigeria Plc led gainers table growing by N1.95 kobo to close at N22.15 kobo, Cadbury Nigeria Plc followed with a gain of N0.65 kobo to close at N10.25 kobo, UPDC Reits added N0.35 kobo to close at N3.95 kobo, Ecobank Transnational Incorporated ETI) added N0.30 kobo to close at N6.30 kobo while Access Bank increased by N0.20 kobo to close at N9.90 kobo.


On the contrary, Stanbic IBTC recorded the highest loss during the day, failing by N1.10 kobo to close at N36.40 kobo, Dangote Sugar Refinery Nigeria Plc trailed with a loss of N0.80 kobo to close at N13.65 kobo, Guaranty Trust Bank Plc sheds by N0.35 kobo to close at N29.00, UAC of Nigeria down by N0.20 kobo to close at N8.10 kobo while Zenith Bank declined by N0.15 kobo to close at N18.15 kobo.


The result further showed that Law Union and Rock Insurance was the most active stock during the day, exchanging 146.267 million shared valued at N73.133 million, Access Bank followed with account of 40.566 million shared valued at N402.259 million, Zenith Bank Plc traded 32.157 million shares cost N586.378 million, Transnational Corporation of Nigeria (Transcorp) sold a total of 26.998 million shares cost N24.523 million while FBNHoldings exchanged 21.193 million shares valued at N127.125 million.

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