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

Activities at the floor of the Nigeria Stock Exchange (NSE) on Wednesday closed on a negative note amid renewed profit taking in market bellwether after recording gains for two consecutive trading sessions.

The All Share Index of the NSE shed 35 basis points to close at 39,031.72 points, while the Year-To-Day return stood at 2.06 percent.

Market capitalisation of traded equities dropped N49 billion to close N14.14 trillion.

Diamond Bank led the losers by shedding 8k to close at N1.52 per share. Prestige Assurance, AIICO, A.G Leventis, and Niger Insurance all dropped 3k, 3k, 2k, and 1k to close at 25k, 49k, 62k and 61k per share respectively.

On the other hand, Seplat added N57.90 to close at N769 per share. Japual Oil rose by 2k to close by 36k per share, Learn Africa appreciated by 7k to close at N1.51 per share.

NEM Insurance gained 12k to close at N2.62 per share, while Equity Assurance increased by 1k to close at 23k per share.

An analysis of the activity chart shows that UBA Bank dominated trading activities accounting for 90.62 million shares valued at N998.23 million.

Read Also: NSE delists Alumaco, Vono, 7Up, 19 others for non-compliance

United Capital followed by exchanging 78.69 million shares worth N258.35 million, while Africa Prudential Registrars traded 72.10 million shares valued at N312.60 million.

Access Bank sold 26.28 million shares worth N282.27 million, while African Alliance Insurance transacted 23.30 million shares valued at N4.66 million.

In all, the volume of shares traded by investors at the floor of NSE closed higher with a total of 456.49 million shares valued at N4.134 billion in 3,517 deals.

This was in contrast with a turnover of 341.483 million shares worth N5.194 billion traded in 3,769 deals recorded on Tuesday.

 

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now