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Equities market extends losses by 0.26%



Equities market extends losses by 0.26%

The Nigerian Stock Exchange (NSE) on Thursday extended its bearish performance for the second trading session on sustained profit taking activities, even as 28 stocks advanced against 17 stocks that declined.

The NSE All Share Index (ASI) further dipped by 0.26 percent, dropping from 39,031.72 points on Wednesday to close at 38,928.47 points, while the Year-To-Day return of the ASI stood at 1.89 percent.

Also, market capitalisation of traded equities which opened at N14.139 trillion lost N38 billion to close at N14.101 trillion.

Seplat Petroleum Development Company recorded the highest loss during the day, shedding N14.10 to close at N754.90 per share. Nigerian Breweries trailed by dropping N5 to close at N110 per share, while Presco fell by N1.70 to close at N72 per share.

Read Also: Equities market halts 2-day gaining streak as ASI down by 0.35%

International Breweries lost 45k to close at N41.30 per share, while Zenith Bank was down by 35k to close at N26.40 per share.

Conversely, Okomu Oil led the gainers’ table by adding N8.40 to close at N90.40 per share. National Salt Company followed with a gain of 95k to close at N23.95 per share, while Stanbic IBTC garnered 50k to close at N49 per share.

Dangote Sugar went up by 40k to close at N19.40 per share, while Eterna recorded 30k gain to close at N6.30 per share.

A breakdown of the activities chart indicates that United Capital was the most active stock, trading 101.63 million shares valued at N327.68 million.

United Bank for Africa exchanged 66.1 million shares worth N720.80 million, while Diamond Bank transacted 20.21 million shares valued at N31.64 million.

Guaranty Trust Bank sold 14.24 million shares worth N587.30 million, while Transnational Corporation of Nigeria recorded a turnover of 13.78 million shares valued at N20.48 million.

In all, investors bought and sold 336.62 million shares valued at N5.246 billion achieved in 3,667 deals.

This was in contrast with a turnover of 456.49 million shares worth N4.134 billion traded in 3,517 deals recorded on Wednesday.


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