NGX: Royalex Exchange, Global Spectrum, others cause negative performance
By Philemon Adedeji
The Nigeria’s equities market still turned red yesterday for the fourth day this week, depreciating by N85 billion or 0.25 per cent as investors registered losses in some stocks like Royalex Exchange, Global Spectrum Energy Service Plc, Champion breweries, others.
The Nigerian Exchange Limited (NGX) All Shares Index (ASI) declined to 133.94 basis points to represent 0.25 per cent to close trade by 52,840.21 basis points from 52,974.15 basis points it closed trade on Thursday.
Similarly, overall market capitalisation valued dipped by N85 billion to N28.473 trillion it closed trade on Thursday from N28.558 billion it closed trade on the previous trading day.
The market sentiments as measured by market breadth was positive as Ellah Lakes led 13 advancers against Royalex Exchange that led 26 losers.
At the close of marketing activities yesterday, there was no appreciation in the volume of shares traded because of decline which occurred a bit by 7 per cent for the fourth day of the week as investors bought and sold 274.428 million units valued by N4.028 billion and exchanged in 5,011 deals.
On the advancers side, Ellah Lakes came as the best price gainer yesterday which appreciated by 0.30 kobo representing 9.62 per cent increased to close trade at N3.42 per share, PZ Cussion followed which gained 9.57 per cent or 1.10 kobo increased to close trade at N12.60 per share.
Sovereign Insurance Plc grew by 8.33 per cent or 0.02 kobo increased to close trade at N0.26 per share, while Nigeria Aviation Handling Company which recorded as the fourth best price gainer rose by 0.60 kobo representing 8.31 per cent increased to close trade at N7.82 per share and Alex which recorded as the last fifth gainer went up by 7.46 per cent or 0.50 kobo increased to close trade at N7.20 per share.
On the decliners side, Royalex exchange was recorded as the overall loser in yesterday trade which dipped by 0.10 kobo representing 10 per cent to close trade at N0.90 per share, Global Spectrum Energy Services Plc followed with 9.75 per cent or 0.27 kobo to close trade at N2.50 per share.
Champion Breweries dropped by 0.34 kobo to represent 8.63 per cent to close trade at N3.60 per share, while First City Monument Bank depreciated by 6.57 per cent or 0.23 kobo to close trade at N3.27 per share and International Breweries which recorded as the last fifth loser went down by 5.66 per cent or 0.45 kobo to close trade at N7.50 per share.
Transactions in the shares of First Bank Holding of Nigeria topped the activity chart with 74.658 million shares worth N836.141 million, Followed by Transcorp Plc which sold 31.368 million shares valued at N40.165 million. While Zenith Bank traded 26.916 million shares worth N621.529 million.
Guaranty Trust Holding Company sold 17.801 million shares valued at N401.508 million and United bank of Africa transacted 12.475 million shares worth N98.011 million.
Yesterday transactions indicated that Transcorp Plc was the highest in terms of volume and value.
