Stock market loses N96bn




Trading activities on the floor of the Nigerian Stock Exchange (NSE) yesterday continued in downward trend, shedding N96 billion as investors trade with caution waiting for companies end of the financial results.

 Specifically, Market Capitalisation of listed equities declined by 0.66 per cent to N14.359 trillion from N14.455 trillion recorded on Friday. The NSE All Share Index also depreciated by 184.93 basis points to 27570.94 points from 27755.87 points traded previously.

Investors exchanged 134.612 million share valued at N1.583 billion in 3302 deals against 132.624 million shares cost N1.279 billion traded the previous day in 3189 deals.

A review of the investment during the day showed that Oando PLC led gainers table during the day, gaining N0.15 kobo to close at N3.60 kobo, Africa Prudential Plc followed with a gain of N0.07 kobo to close at N4.75 kobo, Custodian and Allied Company gained N0.05 kobo to close at N6.05 kobo, Jaiz Bank added N0.04 kobo to close at N0.68 kobo while Skyway Aviation Handling Company increased by N0.04 kobo to close at N2.91 kobo

On the contrary, Guaranty Trust Bank recorded the highest loss for the day, dropping by N0.90 kobo to close at N29.00, BAU Cement Plc trailed with  loss of N0.80 kobo to close at N35.00, International Breweries fell by N0.70 kobo to close at N7.05 kobo, Ecobank Transnational Incorporated Plc dipped by N0.60 kobo to close at N6.40 kobo while Dangoto Sugar Refinery Plc sheds N0.50 kobo to close at N12.35 kobo.

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