Nigeria Stock Exchange All Share Index Reaches 52 Week Low With 3.54% Depreciation

Trading activities on the Nigerian stock exchange decreased by 0.40% on Thursday as investors bought 374.71 million shares worth N5.61 billion, in 4,258 deals, compared to 376.20 million shares worth N6.67 billion, in 4,230 deals exchanged on Wednesday. Guaranty Trust Bank Plc. Guaranty Trust Bank Plc. and Diamond Bank Plc. were the most actively traded stocks on the exchange today in terms of volume, while Dangote Cement Plc. and Guaranty Trust Bank Plc. topped in value terms.

Ngozi-Okonjo-Iweala 3
The Nigerian Stock Exchanges-All Share Index depreciated by 3.54% (-1141.59) to close at 31,062.03 from 32,203.62 attained on Wednesday. Market capitalisation also decreased to N10.26 trillion from N10.63 trillion the previous trading day. The BGL 50 Index also followed suit with a 3.77% decline to close at 131.97 from 137.14, while the market capitalisation stood at N9.55 trillion from N9.92 trillion recorded on Wednesday.

A total number of 10 stocks gained on the bourse today while 44 stocks declined leaving 43 stocks unchanged. Beta Glass Plc. emerged the toast of investors as it appreciated by 4.97% to close at N24.30, followed by ETranz Plc. with a 4.94% gain to close at N2.55. Others on the gainers chart include; AS Logistics Plc, AIICO Plc and Livestock Feeds Plc. On the flip side Flour Mills Nig. Plc. topped the losers chart with a 9.74% decline to close at N43.73 which declined by 9.74% to close at N43.73. Others on the losers table include; Uba Capital Plc., Fidelity Bank Plc. and Forte Oil Plc.

Topping the chart amongst the BGL 50 stocks was AIICO Insurance Plc. emerged the toast of investors as it appreciated by 3.90% to close at 0.80 kobo, followed by Livestock Feeds Plc. with a 2.19% gain to close at N2.33. Others on the gainers chart include; 7-Up Bottling Comp. Plc. and Ecobank Transnational Incorporated. On the flip side Flour Mills Nig. Plc. topped the losers chart with a 9.74% decline to close at N43.73, closely followed by Transnational Corporation of Nigeria Plc., which declined by 9.62% to close at N3.10. Others on the losers table include; Fidelity Bank Plc. Forte Oil Plc. and UACN Plc.

Author: News Editor

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