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NSE’s indices sustain sliding profile, down by N22 billion




Following price losses incurred by virtually all the blue chip companies, equity transactions on the floor of the Nigerian Stock Exchange (NSE) sustained sliding yesterday, causing market capitalization to depreciate further by N22 billion.   

Specifically, yesterday, market capitalisation of listed equities dropped by 0.19 per cent to N11.053 trillion from N11.075 trillion traded on monday.

Also the NSE All Share Index fell by 63.86 basis points to 32380.26 points from 32444.12 points recorded on Monday.   

Investors bought 217.134 million shares worth N2.991 billion in 3737 deals against 155.868 million shares cost N1.663 billion in 3230 deals. 

On the price movement chart, 25 companies depreciated in price, led by United Bank for Africa with 6.14 per cent to close at N4.28 per share while Evansmedical followed with 5.00 per cent to close at N5.00 per share. Berger paints dropped 4.98 per cent to close at N10.68 per share.
National Salt Company of Northern Nigeria shed 4.88 per cent to close at N7.61 per share.

Livestock lost 4.82 per cent to close at N2.17 per share. Union Bank shed 4.71 per cent to close at N8.91 per share.
Other losers of yesterday’s transactions include; Dangote sugar, Eternaoil and Dangote flour dropping 4.66, 4.49 and 4.36 to close at N6.34,N2.34 and N3.29 per share.

Oando also lost 4.08 per cent to close at N15.05 per share.

On the 18 stocks appreciated in price, as Neimeth emerged the day’s highest price gainer with 9.70 per cent to close at N1.47 per share. Stanbic IBTC gained 4.89 per cent to close at N25.75 per share. Vono added 4.84 per cent to close at N1.30 per share.

Pharmdeko, Sterling Bank, Continental Reinsurance garnered 4.65,4.35 and 4.17 per cent to close at N2.25,N2.16 and N1.00 per share.
Wema Bank gained 4.12 per cent to close at N1.01 per share. C&I Leasing gained 4.00 per cent to close at N0.52 per share. FO added 3.13 per cent to close at N198.00 per share. UBCAP also gained 2.22 per cent to close at N1.38 per share.

Further analysis showed that ‎ Zenith International Bank of the banking subsector recorded the highest volume of activities in volume terms, exchanging 84.757 million shares worth N1.614 billion in 385 deals, Wema Bank followed with account of 16.059 million shares worth N15.798 million in 55 deals, GTBank trade 15.725 million shares cost N421.506 million in 303 deals.

United Bank for Africa sold a total of 15.619 million shares valued at N67.712 million in 253 deals and FBNHoldings recorded 10.387 million shares worth N82.584 million exchanged hand in 367 deals.

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