NGX reports loss of equities market to 0.48%
By Philemon Adedeji
The stock market on the Nigerian exchange limited (NGX) closed significantly on positive note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) declined largely by 232.65 basis points.
The market price was driven by price depreciation in large and medium capitalised stocks.
Basically, at the close of marketing activities yesterday, All Shares Index depreciated by 232.65 basis points representing a decrease of 48 per cent to close trade at 46,543.51 index points.
Meanwhile, overall market capitalisation value depreciated by 12 billion to close at 25.092 trillion.
At the end of trading activities on Thursday market activities as measured by volume and value of trade shed weight as daily traded volume stood 244,042,028 million units representing a declined of 67 percent from a volume of 261,592,380 million units traded in the previous trading day.
On the gainers chart, Conoil oil emerged as the overall best gainer which appreciated by 9.89 per cent or 2.20 kobo increased to close trade at N24.45 per share, RTBRISCOE followed as the second best stock which rose by 0.05 kobo representing 9.80 per cent increased to close trade at N0.56 per share, While JAPAULGOLD grew by 0.03 kobo to represent 9.68 per cent increased to close trade at N0.34 per share and Meyer which emerged as the fourth best gainer increased by 9.57 per cent or 0.09 kobo increased to close trade at N1.03 per share.
Regalins last fifth gainer on the chart which gained 9.09 per cent or 0.03 kobo increased to closed trade at N0.36 per share.
On the losers table, VERITASKAP was the highest loser on the chart which dipped by 8.70 per cent or 0.02 kobo to close at N0.21 per share, UACN was recorded as the second best loser which dropped by 0.85 kobo to represent 8.70 per cent to close trade at N0.21 per share. TRANSCORP declined by 0.36 kobo representing 6.78 per cent to close trade at N4.95 per share. While UPDCREDIT depreciated by 0.10 kobo to represent 2.94 per cent to close trade at N3.30 per share and ECOBANK TRANSNATIONAL INCORPORATED which recorded as the last fifth loser dipped by 2.92 per cent or 0.35 kobo increased to close at N11.65 per share
On the activity chart, Fidelity Bank has occurred as the highest trader for three days consecutively which dominated the volume chart as the top traded stock for trading sessions which transacted 44.426 million shares valued at 255.626 millions.
Followed by TRANSCORP which emerged as the second traded stock and transacted 35.756 million shares worth 34.848 million, While Zenith Bank traded 23.296 millions shares valued at 532.586 million.
United bank of Africa which was the fourth traded stock transacted 15.634 million shares worth N121.329 million and Finally, ACCESSCORP was the last stock recorded on the table chart which traded 12.912 million shares valued at N125.938 million.
