Equities market declines by 0.43 per cent
By Philemon Adedeji
Transaction on the Nigerian exchange limited (NGX) yesterday revealed a decline of equities market which closed on negative note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) depreciated by 203.65 basis points.
The Nigerian Exchange All Shares Index (ASI) depreciated by 203.65 basis points or 0.43 per cent to close at 46,960.29 basis points from 47,163.94 basis points it closed for last trading.
The data supplied by NGX revealed overall market capitalisation which largely declined by 109 billion, from 25.418 trillion it closed for trading on Wednesday to 25.309 trillion it closed for trading yesterday.
The total trade volume in yesterday’s trading dropped by 19.7 per cent from 267,480,601 million units it closed for last trading to 214,699,451 million units it closed.
Sentiments of the market as measured by breadth was negative as 14 losers that declined relative to 16 gainers.
The stock market has advanced 4,430.37 base points since the start of this year.
On the gainers chart, VERITASKAP was recorded as the highest price gainer, which was up by 9.52 per cent or 0.02 kobo increased to close at N0.23 per share. First City Monument Bank (FCMB) grew by 7.46 per cent or 0.25 kobo increased to close at N3.60 per share, followed by Custodian which appreciated by 7.14 per cent or 0.50 kobo increased to close at N7.50 per share. Oando PLC rose by 0.30 kobo increased to close at N5.00 per share, and AIICO insurance increased by 6.06 per cent or 0.04 kobo increased to close by N0.70 per share.
On the losers chart, after trading yesterday RTBRISCOE was the highest loser, and declined by 0.07 kobo representing 9.72 per cent to close at N0.65 per share, ChiPlc which followed with a drop of 9.09 per cent or 0.06 kobo to close at N0.60 per share, while Sterling bank was third highest loser down at 3.80 per cent or 0.06 kobo to close at N1.52 per share, Flour Mill dipped by 3.13 per cent or 1.00 kobo to close at N31.00 per share, and JAIZBANK depreciated by 0.02 kobo or 2.94 per cent to close at N0.66 per share.
On activity chart, Fidelity bank has emerged as the highest trader for two days consecutively which transacted 48.260 million shares worth N157.258 million. Followed by Guarantee Trust Holding Company (GTCO) which traded 26.093 million shares valued at N606.918 millions, while Zenith bank traded 20.175 million shares worth N540.428 millions, United bank of Africa (UBA), transacted 18.335 million shares valued at N139.653 million and Custodian traded 17.531 million shares valued at N125.227 million.
