Presco oil, GSPEC plc, others cause negative performance
By Philemon Adedeji
Equities market on the Nigerian Exchange Limited (NGX) opened the week on negative note as a result of down turn in market price which depreciated in large and medium capitalized stocks which are Presco oil, GSPEC plc , Neimeth pharmaceutical industry and 19 others.
Absolutely, All share index depreciated by 68.45 basis points representing 0.13 per cent to close trade at 52,911.51 index points from 52,979.96 index points it close trade last week Friday.
The overall market capitalization value dipped by N37 billion to close trade at N28.525 trillion from N28.562 trillion it close trade last week on Friday
The market sentiment as measured by market breadth closed negative as 22 stock led the gainers against 24 stocks that led the losers.
In all, volume of share traded declined by 40 per cent as investors bought and sold 263,338,835 million shares valued by N3.549 billion and exchanged in 4,856 deals.
On the advancers table, Conoil oil plc emerged at close of trade yesterday as the overall gainer which appreciated by 3.10 Kobo representing 9.95 per cent increased to close trade at N34.425 per share, Followed by MRS oil which rose by 9.93 per cent or 1.35 Kobo to close trade at N14.95 per cent.
Mchichols which recorded as the third price gainer grew by 0.21 Kobo representing 9.86 per cent increased to close trade at N2.34 per share, while Academy press gained 9.76 per cent or 0.12 Kobo to close trade at N1.34 per share and NPFMCRFBK which recorded as the last fifth gainer up by 8.02 per cent increased to close trade at N2.02 per share.
On the other hand, Presco oil dipped by 20 Kobo to close trade at N180 per share, Accompanied by GSPEC plc which declined by 9.97 per cent or 0.34 Kobo to close trade at N3.07 per share.
Neimeth pharmaceutical industry depreciated by 0.17 Kobo or 9.66 per cent to close trade at N1.59 per share, while UACN dropped by 8.33 per cent or 1.20 Kobo to close trade at N13.20 per share and Nem insurance went down by 0.34 Kobo to close trade at N7.74 per cent.
On the volume chart transactions in the share of Jaizbank topped the volume chart which transacted 114.007 million shares valued at 101.752 million, Followed by Guaranty Trust Holding Company which traded 12.872 million shares worth 302.842.
Transcorp plc traded 12.806 million shares worth 16.725 million, while Accesscorp transacted 11.657 million shares valued at 115.657 million and Zenith bank which traded 8.579 million shares valued at 207.021.
In terms of volume, Jaizbank topped the chart, while in terms of value Guaranty Trust Holding Company topped in terms of value.
