By Amaka Ifeakandu
Lagos
Trading activities on the floor of Nigerian Stock Exchange yesterday continued with downward trend as All Share Index declined by 176.59 basis points. The NSE ASI fell by 0.60 per cent to 29396.31 basis points from 29572.90 points traded on Tuesday. Also the market capitalisation shed N61 billion to close at N10.102 trillion from N10.163 trillion recorded the previous day.
Investors for the day traded 336.280 million shares worth N1.913 billion in 2923 deals against 141.270 million share valued at N1.361 billion in 3218 deals. A breakdown of the investment showed that Seplat Petroleum Development recorded the highest gain for the day, improving by N3.00 to close at N238.00, Dangote Cement followed with a gain of N1.50 kobo to close at N165.00, Ashaka Cement Nigeria Plc appreciated by N0.90 kobo to close at N23.00, Cadbury Nigeria Plc increased by N0.15 kobo to close at N20.15 Fidson gained N0.10 kobo to close at N3.10 kobo.
Conversely, Guiness Nigeria PLc led losers chart, dropping by N6.75 kobo to close at N128.34 kobo, Lafarge Wapco trailed with a loss of N2.20 kobo to close at N95.80 kobo, Stanbic IBTC failed by N1.56 kobo to close at N19.20 kobo. Other companies that depreciated in price were Oando Plc and International Breweries which shed N0.78 kobo and N0.51 kobo respectively to close at N7.35 kobo and N16.00.
Further analysis indicated that Sterling Bank of the Banking subsector led activities for the day, trading 253.906 million shares worth N495.138 million, Zenith International Bank followed with account of 20.298 million shares valued at N354.868 million, Transnational Corporation of Nigeria sold 16.328 million shares cost N32.120 million, FBNHoldings exchanged 15.954 million shares valued at N83.376 million while UBA traded 10.085 million shares worth N36.996 million.
