Equity market trends down, sheds N2bn

Trading activities on the floor of Nigerian Stock Exchange sustained negative trend on Wednesday, shedding N2 billion.

The decline in stock was occasioned by profit booking embarked by investors which affected the NSE index.

Specifically, the NSE All Share Index  fell by 46.65 basis points to 25550.31 points  from 25597.96 points reported on Tuesday.

Also, Market Capitalisation of listed equities declined by 0.02 per cent  to N13.352 trillion from N13.354 trillion reported the previous day.

Investors traded 211.816 million shares valued at N2.417 billion in 3651 deals against 245.139 million shares valued at N3.013 billion in 3597 deals.

The review of the transactions showed that Nigerian Breweries led gainers table during the day, appreciating by N0.95 kobo to close at N42.00, Berger Paint followed with a gain of N0.45 kobo to close at N6.50 kobo, Union Bank of Nigeria added N0.35 kobo to close at N5.35 kobo, Cap Plc added N0.10 kobo to close at N17.10 kobo, United Capital added N0.10 kobo to close at N3.11 kobo.

On the contrary, Cadbury Nigeria PLC topped losers chart during the day, dropping by N0.65 kobo to close at N7.10 kobo, Wapco trailed with a loss of N0.50 kobo to close at N13.00, NEM Insurance fell by N0.22 kobo to close at N2.03 kobo, International Breweries dipped by N0.20 kobo to close at N3.00 while Zenith Bank Plc declined by N0.20 kobo to close at N17.00.

The result further showed that FCMB group was the most active stock during the day, exchanging 30.330 million shares worth N62.182 million, Access Bank Plc followed with account of 20.974 million shares cost N139.403 million, United Bank for Africa traded 18.569 million shares valued at N109.659 million, Zenith Bank exchanged 17.986 million shares valued at N306.340 million while FCMB group exchanged 13.537 million shares valued at N67.406 million

Blueprint Whatsapp

Be the first to comment

Leave a Reply