Equities market declines largely to 64%
By Philemon Adedeji
As at opening of this week, trading activities in the stock market of the Nigerian Exchange Limited (NGX) has been on declination for two-day consecutively, In yesterday trading equities market largely declined by 0.64 per cent, Following sell-off in UBA, GTCO, Unity Bank and others.
In summary, the Nigerian Exchange Limited (NGX) depreciated by 338.24 basis points representing 0.64 per cent to close at 52,775.40 basis points from 53,113.64 basis points it closed trade on Tuesday.
Specifically, the overall market capitalisation value dropped to N183 billion to close trade at N28.451 trillion from N28.634 trillion it closed for previous trading day.
NGX ASI MIDWEEK BEST GAINERS
Tripple G recorded as the overall gainers which appreciated by 0.08 kobo representing 9.20 per cent increased to close trade at N0.95 per share, LEARN AFRICA Went up by 5.49 per cent or 0.13 kobo to close trade at N2.50 per share.
Unity Bank and AIICO Insurance gained by 0.01 kobo representing 2.13 and 1.56 per cent each increased to close trade at N0.48 and N0.65 per share respectively.
Livestock rose by 1.33 per cent or 0.02 kobo increased to close trade at N1.52 per share.
NGX ASI MIDWEEK BEST LOSERS
Meyer emerged in yesterday trading as overall loser which diminished by 0.31 kobo representing 10 per cent to close trade at N2.79 per share, Linkage Assurance followed which dipped by 8.93 per cent or 0.05 kobo to close trade at N0.51 per share.
UBN recorded as the third most loser depreciated to 7.69 per cent or 0.50 kobo to close trade at N6 per share while International Breweries which recorded as the fourth best loser dipped by 0.45 kobo to represent 6.12 per cent to close trade at N6.90 per share and First Bank Holding of Nigeria which recorded as last fifth decliner dropped by 5.71 per cent or 0.60 kobo to close trade at N9.90 per share.
Transaction in the share of United Bank of Africa topped the volume chart with 36.418 million share valued at N278.556 million, Followed by Guaranty Trust Holding Company traded 24.385 million share worth N531.295 million.
First Bank Holding of Nigeria sold 17.623 million share worth N175.822 million while, Sterling Bank transacted 14.282 million share valued at N21.912 million and Zenith Bank accounted 12.843 million share worth N286.832 million.
United Bank of Africa topped the volume chart while Guaranty Trust Holding Company topped in terms of value.
