Trading Activities Drop by 17% On The Stock Exchange

BY: SAYO AKINTOLA
Trading activities on the Nigerian stock exchange decreased by 16.86% today October 3, 2014 as investors bought 560.32 million shares worth N5.75 billion, in 4,322.00 deals, compared to 673.97 million shares worth N8.08 billion, in 4,894.00 deals exchanged on Thursday. Zenith Bank Plc, Fidelity Bank Plc and Ikeja Hotel Plc were the most actively traded stocks on the exchange today in terms of volume, while Dangote Cement Plc and Zenith Bank Plc, topped in terms of value.

The Nigerian Stock Exchanges-All Share Index depreciated by 0.08% (-31.62) to close at 41,103.94 from 41,135.75 attained on Thursday. Market capitalisation also decreased to N13.57 trillion from N13.58 trillion the previous trading day. The BGL 50 Index also followed suit with a 0.16% loss to close at 177.34 from 177.62, while the market capitalisation stood at N12.79 trillion from N12.81 trillion recorded on Thursday.

A total number of 22 stocks gained on the bourse today while 23 stocks declined leaving 67 stocks unchanged. Skye bank emerged the toast of investors as it appreciated by 6.30% to close at N2.87 kobo, followed by FCMB Group plc with a 6.12% gain to close at N9.39. Others on the gainers chart include CCNN Plc, Oando Plc and Cadbury Nigeria Plc.

On the flip side Guinness plc topped the losers chart with 4.18% decline to close at N195.70 followed by P Z Cussons Nigeria Plc which declined by 3.31% to close at N32.15 kobo. Others on the losers table include; Nahco Plc, Honeywell Flour Mill Plc and Dangote Sugar Refinery Plc.

Unity Bank released its Q3 2014, showing a 6.05% increase in Revenue from N45.39 billion to N48.14 billion. Nevertheless, profit before tax increased significantly from N1.20 billion to N12.01 billion while net income also increased significantly from N1.15 billion to N11.05 billion.

Author: News Editor

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