Trading on the floor of Nigerian Stock Exchange (NSE) opened for the year on Wednesday in negative trend, shedding N134 billion.
Specifically, market capitalisation of listed equities declined 1.14 per cent to N11.586 trillion from N11.720 trillion it closed last year. Also the NSE All Share Index depreciated by 360.44 basis points to 31070.06 points from 31430.50 points traded on Monday.
Investors exchanged 214.410 million shares worth N1.562 billion in 2856 deals against 929.323 million shares valued at N3.951 billion in 4144 deals.
An analysis of the investment for the day showed that Julius Berger led gainers table during the day, gaining N2.00 to close at N22.10 kobo, International Breweries followed with a gain of N1.00 to close at N31.50 kobo, Custodian and Allied Insurance gained N0.45 kobo to close at N6.10 kobo, Vitafoam added N0.42 kobo to close at N4.82 kobo while Ecobank Transnational Incorporated increased by N0.30 kobo to close at N14.30 kobo.
On the contrary, Nestle Nigeria Plc recorded the highest loss during the day, declining by N10.00 to close at N1479.00, Nigerian Breweries trailed with a loss of N7.20 kobo to close at N78.30 kobo, Dangote Cement down by N3.70 kobo to close at N186.00, Flour Mills Nigeria PLC declined by N0.90 kobo to close at N22.20 kobo, Forte Oil dropped by N0.70 kobo to close at N28.00
The result further showed that Diamond Bank Plc recorded the highest volume of activities for the day, trading 50.657 million shares worth N111.995 million, Sovereign Insurance followed with account of 32.951 million shares valued at N6.656 million, Access Bank traded 20.778 million shares worth N136.211 million, Zenith International Bank Plc traded 17.964 million shares cost N413.621 million while FBNHoldings exchanged 11.278 million shares valued at N88.633 million.
