Market Closes Bearish As Capitalization Experiences Marginal Drop

Trading activities on the Nigerian stock exchange increased today by 49.11% as investors bought 268.22 on shares worth N3.35 billion, in 4,218.00 deals, compared to 179.88 million shares worth N2.22 billion, in 3,962.00 deals exchanged on Tuesday. Cornerstone Insurance Company Plc, FCMB Plc, and FBNH Plc were the most actively traded stocks on the exchange today in terms of volume, while Oando Plc and GTB Plc in terms of value.

Oscar Onyema ceo, NSE

The Nigerian Stock Exchanges-All Share Index depreciated by 2.17% (-756.80) to close at 34,145.79 from 34,902.59 attained on Tuesday. Market capitalisation also decreased to 11.31 trillion from 11.56 trillion the previous trading day. The BGL 50 Index also followed suit with a 2.31% loss to close at 145.86 from 149.31, while the market capitalisation stood at N10.55 trillion from N10.80 trillion recorded on Tuesday.

A total number of 17 stocks gained on the bourse today while 35 stocks declined leaving 60 stocks unchanged. Champion Breweries Plc emerged the toast of investors as it appreciated with a 4.97% gain to close at N9.71 kobo followed by Wapic insurance which closed by 4.97% to close at N0.65kobo, Others on the gainers chart include; Cutix Plc Aiico plc, and Seplat Plc. On the flip side Transcorp Plc topped the losers chart with 5.23% decline to close at N3.99 kobo followed by Oando Plc which declined by 5.17% to close at N21.81 kobo. Others on the losers table include, UBA Capital Plc, Dangote Cement Plc and Julius Berger Plc.

Topping the chart amongst the BGL 50 stocks was Wapic Insurance Plc which emerged the toast of investors as it appreciated by 4.84% to close at N0.65 kobo, followed by AIICO Insurance Plc with a 2.50% gain to close at N0.82 kobo Others on the gainers chart include; Seplat Plc, Presco Plc and ETI Plc. On the flip side Transcorp Plc topped the losers chart with 5.23% decline to close at N3.99 followed by Oando Plc, which declined by 5.17% to close at N21.81 kobo. Others on the losers table include; Dangote Cement Plc, Julius Berger Plc and Unilever Nigeria Plc.

Author: News Editor

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