Equities market declines by 0.20 per cent

By Philemon Adedeji

The stock market on the Nigerian exchange limited (NGX),which opened the week on negative note still continues for the second day of the week on negative note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI), depreciated by 95.37 basis points.

The NGX ASI  still continues on declination of equities market for the second day of the week to 95.37 basis points or 0.20 per cent to close at 47,156.56 index points from 47,251.93 index points it closed yesterday.

Specifically, at the close of transaction yesterday, the overall market capitalisation still continued on declination by 0.20 per cent to N25.414 trillion from N25.466 trillion it closed on Monday, the result presented by NGX shows market capitalisation value which dropped by 52 billion.

At from beginning of this year stock market has advanced 4,442.93 base points.

The market sentiments as measured by breadth was negative as 29 stocks that declines relative to 16 gainers.

On the gainers table, Nigerian Police Force Microfinance (NPFMCRFBK),recorded as the overall best gainer which rose by 9.52 per cent or 0.22 kobo increased to close by N2.53 per share, First City Monument Bank (FCMB) emerged as the second best gainer which appreciated by 0.27 kobo representing 7.94 per cent increased to close by N3.67 per share while Prestige accompanied by 6.52 per cent or 0.03 kobo increased to close by N0.49 per share, CHAMS recorded as the fourth best gainer which grew by 4.76 per cent or 0.01 kobo increased to close at N0.22 per share. UACN was fifth price gainer which increased by 4.74 per cent or 0.55 kobo increased to close at N12.15 per share.

On the losers table, JAPAULGOLD was recorded as the highest losers which dipped by 8.82 per cent or 0.03 kobo to close at N0.31 per share.Champion depreciated by 0.18 kobo or 8.78 per cent to close at N1. 87 per share While Oando which recorded as the third best loser declined by 0.34 kobo or 6.75 per cent to close at N4.70 per share. Mansard down by 6.52 per cent or 0.15 kobo to close at N2.15 and Regalins dropped by 5.26 per cent or 0.02 kobo to close at N0.35 per share.

Also,the total trade volume increased by 42.1 per cent to 303,480,647 million units, valued at N3.902 billion and exchange in 4,616 deals.

Transaction in the shares of Access bank still continued as the highest on  the activity chart with 44.151 million shares valued at 433.299 million.United Bank of Africa followed with 39.543 million shares worth 304.855 million,Fidelity bank transacted 33.353 million shares valued at 103.870 millions.

Guarantee Trust Holding Company traded 28.335 million shares worth 737.469 millions and Zenith bank which recorded as the last trader transacted 28.215 million shares worth 758.009 million.

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