Nigerian Equities Record Marginal Decline On The Exchange

Overall market performance indicators, the NSE All Share Index and market capitalisation declined marginally by 0.006 per cent at the end of trading activities on the floor of the Nigerian Stock Exchange on Tuesday.
Consequently, the All-Share Index shed 1.78 basis points or 0.006 per cent to close at 27,810.28 per share as against 27,812.06 recorded the previous day while, the market capitalisation of equities depreciated marginally by N1 billion or 0.006 per cent as market sentiments returned on the bearish zone.
Meanwhile, a turnover of 182.2 million shares exchanged in 1,109 deals was recorded in the day’s trading.
Banking sub sector of the financial services sector was the most active during the day (measured by turnover volume); with 127.3 million shares exchanged by investors in 3,113 deals.
stockexchange-floor
Volume in the sub-sector was largely driven by activities in the shares of GTB Plc and Fidelity Bank Plc.
Also, the premium sub sector, boosted by activities in the shares of Zenith Bank and FBNH Plc followed with a turnover of 23.2 million shares in 473 deals.
The number of gainers at the close of trading session was 27 while decliners closed at 15.
Seplat Petroleum Development Plc led the gainers’ table with a gain of 10.25 per cent to close at N270.11 per share while Forte Oil Plc followed with a gain of five per cent to close at N170.10 per share. Wema Bank Plc added 4.92 per cent to close at N64 kobo per share.
On the other hand, Unity Bank Plc led the price losers’ table, dropping 8.79 per cent to close at 83 kobo per share. Academy Press Plc followed with 4.79 per cent to close at 60 kobo per share while Continental Insurance Plc trailed with a loss of 4.08 per cent to close at 94 kobo per share

Author: News Editor

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