Bearish Activities In The Market Leads To 0.96% Index Decline

stockexchange-floor
Trading activities on the Nigerian stock exchange increased today by 4.24% as investors bought 390.60 million shares worth N4.68 billion, in 3,679 deals, compared to 374.71 million shares worth N5.61 billion, in 4,258 deals exchanged on Thursday. Diamond Bank Plc. Skye Bank Plc. and Custodian and Allied Insurance Plc. were the most actively traded stocks on the exchange today in terms of volume, while Nigerian Breweries Plc. and Nestle Nigeria Plc. topped in value terms.

The Nigerian Stock Exchanges-All Share Index depreciated by 0.96% (-298.65) to close at 30,763.38 from 31,062.03 attained on Thursday. Market capitalisation also decreased to N10.16 trillion from N10.26 trillion the previous trading day. The BGL 50 Index also followed suit with a 0.94% decline to close at 130.73 from 131.97, while the market capitalisation stood at N9.46 trillion from N9.55 trillion recorded on Thursday.

A total number of 11 stocks gained on the bourse today while 36 stocks declined leaving 48 stocks unchanged. Total Nigeria Plc. emerged the toast of investors as it appreciated by 1.94% to close at N158.00 kobo, followed by Dangote Cement Plc. with a 1.27% gain to close at N160.00. Others on the gainers chart include; Diamond Bank Plc, Stanbic IBTC Plc and FCMB Group Plc. On the flip side Forte Oil Plc. topped the losers chart with a 5.00% decline to close at N207.58, closely followed by Guinness Nigeria Plc., which declined by 5.00% to close at N122.61. Others on the losers table include; Nigeria Breweries Plc, Nascon Plc and Okomu Oil Palm Plc.

Topping the chart amongst the BGL 50 stocks was TOTAL Plc, which emerged the toast of investors as it appreciated by 1.94% to close at N158.00 kobo, followed by Dangote Cement Plc with a 1.27% gain to close at N160.00 kobo. Others on the gainers chart include; Diamond Bank Plc, Stanbic IBTC Plc, and Fcmb group Plc. On the flip side Nigerian Breweries Plc topped the losers chart with 5.00% decline to close at N145.59 followed by Forte oil Plc, which also declined by 5.00% to close at N207.58 kobo. Others on the losers table include; Guiness Nigeria Plc, Nascon Plc and Okomu Oil Plc.

Author: News Editor

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