Equities market opens week on 0.06 per cent decline

By Philemon Adedeji

Stock market on the Nigerian exchange limited (NGX),opened the week on a negative note amidst sell-offs and buy-interests as the benchmark All shares Index (ASI) depreciated by 30.74 absolute points.

As the week opened yesterday, NGX ASI recorded declination of equities market to 30.74 basis points or 0.06 per cent to close at 47,251.93 index points from 47,282.67 index points it opened yesterday.

On the activities chart, the market capitalisation dropped by 57 per cent from 38 billion it closed the week on Friday to 16 billion it closed yesterday.

The data presented by (NGX), reveals total trade volume which depreciated by 64 per cent to 213,569,936 million units valued at N2.676 billion exchange in 4,485 deals.

On the gainers table, GUINNESS PLC recorded as the highest price gainer,which appreciated by 10.00 per cent or 6.50 kobo increased to closed by N71.50 per share, ROYALEX EXCHANGE which emerged as the second best gainer rose by 0.10 kobo to represent 8.33 per cent increased to close at N1.30 per share.

MUTUAL BENEFIT ASSURANCE was the third best gainer which gained 8.00 per cent or 0.02 kobo increased to close at N0.27 per share, LASACO grew by 0.06 kobo representing 6.00 per cent increased to close at N1.06 per cent and LIVESTOCK which recorded as the last five gainer appreciated by 5.62 per cent to represent 0.09 kobo increased to close at N1.69 per cent.

On the Losers table, RTBRISCOE topped the table as the hightest loser which dipped by 0.08 kobo representing 10.00 per cent to close at N0.72 per cent, while BERGER PAINT declined by 9.64 per cent or 0.08 kobo to close at N7.50 per share, IKEJA HOTEL down by 8.76 per cent or 0.12 kobo to close at N1.25 per cent, CHAMPION followed with 0.18 kobo representing 8.07 per cent to close at N2.05 per share and UPDC depreciated by 8.00 per cent or 0.08 kobo to close at N0.92 per share.

As the week opened yesterday, Access Bank was seen recorded as the topped trader which transacted 27.188 million shares worth 265.421 million. Followed by Zenith Bank which traded 19.926 million shares valued by 534.679 million.

United bank of Africa (UBA) traded 18.736 million shares valued at 145.041 millions, Guaranteed Trust Holding company transacted 18.405 million shares worth 482.362 million.

TRANSCORP traded 15.119 million shares valued at 17.068 million.