Equities market still on downward trajectory

By Philemon Adedeji

Equities market on the Nigerian Exchanged Limited (NGX), still closed again on negative performance making a two-day consecutive declination with a loss of 0.23 per cent, the downward performance was due to price depreciation in medium and large capitalised stocks, amongst which are; Nigerian Aviation Handling Company, FTNcocoa, Consolidated Hallmark Insurance PLC and others.

According to the data supplied by Nigerian Exchange Limited (NGX), the All- Share Index (ASI) declined by 122.36 absolute points to represent a decline of 0.23 per cent to close at 52,186.52 points. Specifically, the market capitalisation value lost N66 billion  to close at N28.142 trillion from N28.208 trillion it closed trade on previous day.

The total trade volume inched weight by 15.9 per cent to 238.270 million share, valued at N3.336 billion and exchanged in 3,814 deals.

NGX ASI MIDWEEK MOST GAINERS

On the gainers table, Multiverse and Mining Evaporation  and Computer Warehouse Group led the gainers table with 9.88 per cent each to close trade at N1.78 and N0.89 per share respectively.

Academy press followed with appreciation of 9.68 per cent or 0.18 kobo increased to close trade at N2.04 per share.

TIP and RT.briscoe gained 9.09 per cent or 0.04 kobo each increased to close trade at N0.48 per share respectively.

NGX ASI MIDWEEK TOP LOSERS

Nigerian aviation handling company led the losers table with a decline of 10 per cent to close trade at N5.40 per share, as FTNcocoa which followed lost by 8.57 per cent or 0.03 kobo to close trade at N0.32 per share.

NB was recorded as the third best loser dipped by 3.25 kobo to close at N49.75 per share, while Consolidated Hallmark Insurance went down by 5.71 per cent to close at N0.66 per share and Oando plc which recorded as the last fifth decliner dipped by 5.50 per cent to close at N5.15 per share

Transaction in the share of Living Trust Mortgage Bank led the activity chart with 40.909 million shares worth N49.090 million, followed by NB which accounted 30.379 million shares valued at N1.512 billion, while United Bank of Africa sold 26.707 million shares valued at N198.454 million.

Accesscorp traded 21.902 million shares worth N199.093 million and First Bank Holding of Nigeria transacted 17.858 million shares valued at N196.625 million.