NSE: Equity market declines a by N196bn

Factual Pursuit of Truth for Progress

Trading activities on the floor of Nigerian Stock Exchange yesterday sustained declining profile following loses recorded by highly capitalised stocks. 
The NSE market indicators went down by 1.63 per cent at close of transactions on Thursday.
Specifically, market capitalisation of listed equities declined by N196 billion to N11.828 trillion from N12.024 trillion reported the previous day. The NSE All Share Index depreciated by 525.52 basis points to 31718.70 points  against 32244.24 points traded on Wednesday.
Investors traded 411.694 million shares valued at N5.266 billion in 5320 deals against 456.070 million shares valued at N2.679 billion exchanged hands  the previous day in 5416 deals.
An analysis of investment showed that Dangote Cement industries led gainers table during the day, appreciating by N3.80 kobo to close at N195.30 kobo, Glaxosmith followed with a gain of N0.35 kobo to close at N12.00, UAC Property Development Plc gained N0.09 kobo to close at N1.91 kobo, Union Bank of Nigeria PLC added N0.05 kobo to close at N7.00, Live Stock increased by N0.05 kobo to close at N0.68 kobo.
The investment showed that Nestle Nigeria Plc recorded the highest loss during the day, gaining N30.00 to close at N1470.00 Nigerian Breweries trailed with a loss of N3.70 kobo to close at N79.50 kobo, Guaranty Trust Bank declined by  N2.60 kobo to close at N35.35 kobo, Stanbic IBTC  depreciated by N2.05 kobo to close at N46.25 kobo while Dangote Flour Nigeria Plc down by N1.05 kobo to close at N10.90 kobo.
The result further showed that Guaranty Trust Bank was the most active stock during the day, exchanging 44.622 million shares valued at N1.643 billion, Sunu Assurance followed with account of 38.521 million shares cost N7.704 million, Access Bank exchanged 29.710 million shares worth N177.643 million, Union Bank of Nigeria exchanged 27.575 million shares cost N193.024 million, Diamond Bank Plc traded 25.757 million shares valued at N61.073 million


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