Equities market declines by 0.02%

By Philemon Adedeji

The  stock market on the Nigerian exchange limited (NGX) closed again on a positive note amidst sell-offs and buy-interests as the benchmark All Shares Index is depreciated by 11.24 basis points.

According to the result released by NGX,shows declination of market capitalisation to 6 billion which closed at N 25.520 trillion from the previous day it opened.

Similarly, the NGX ASI depreciated yesterday by 11.24 basis points or 0.02 per cent to close at 47,353.22 index points from 47,364.46 index points it opened for trading yesterday.

The total trade volume largely increased by 64 per cent to 239,732,111 million units valued at N3.891 billion which exchange in 3,848 deals.

At the beginning of this year, the stock market has advanced 4,443.28 base points.

On the gainers chart UACN was seen as the best gainer which appreciated by 10.00 per cent or 1.10 kobo increased to close by N0.20 per share, ROYALEX EXCHANGE rose by 0.10 kobo representing 9.80 per cent increase to close by N1.12 per share, while WAPIC INSURANCE PLC grew by 0.04 kobo or to represent 8.18 per cent increase to close by N0.53 per share, PRESCO gained 6.40 per cent or 8.00 kobo increased to close by N133.00 per share.

MULTIVERSE increase by 0.01 kobo to represent 4.55 per cent increased to close at N0.23 per share.

On the losers table, NIGER INSURANCE PLC was recorded as the best decliner which dropped by 9.09 per or 0.02 kobo to close at N0.20 per share,followed by CORNEST dipped by 0.04 kobo to represent 6.45 per cent to close by N0.58 per share, VERITASKAP which recorded as the best losers depreciated by 4.55 per cent or 0.01 kobo to close at N0. 21 per share, While SEPLAT down by 30.00 kobo representing 3.13 per cent to close by N930.00 per share and LASACO down by 2.80 per cent or 0.03 kobo to close by N1.04 per share.

The total traded volume impressively increased by 64 per cent to 239,732,111 million units valued at N3.891 billion which exchange in 3,848 deals.

Yesterday transaction reveals that VERITASKAP was the most traded stock on the table chart which transacted 30.010 million shares worth 6.302 million, Accompanied by UNITED BANK of AFRICA PLC which traded 27.729 million shares valued by 235.186 million, while FIRST BANK HOLDING  traded 23.020 millions shares worth 272.018 millions, while GUARANTEED TRUST HOLDING COMPANY transacted 18.246 million shares valued by 477.757 million.

FIDELITY BANK traded 16.106 million shares worth 4.776 million.