Nigerian Stock Exchange All-Share Index declines

By Salamatu Ejembi.

Trading Floor of the Nigerian Stock Exchange (NSE).

Investors’ sell-off of MTN NIGERIA COMMUNICATIONS PLC stock has led to a marginal decline in the All Share index of the equities market on Thursday by 0.05%, thereby closing transactions at 27,864.84 points.

Similarly, the total volume of trades decreased by 1.10% to 150.7 million units, valued at NGN2.8 billion and exchanged in 3,198 deals.

ZENITH BANK PLC was the most traded stock by volume at 25.4 million units, while MTN NIGERIA COMMUNICATIONS PLC was the most traded stock by value at N792.6 million.

Market sentiment, as measured by market breadth, was negative as only 3 stocks appreciated, relative to 9 decliners.

UNITED CAPITAL PLC topped the appreciating stocks when it moved from N2.60k per share to N2.76k per share, gaining 0.16k or 6.15 percent.

BUA CEMENT PLC also gained with a move in selling price from N35.30k per share to N35.80k per share, gaining 0.50k or 1.42 percent.

STERLING BANK PLC gained 0.01k or 0.65 percent, moving from N1.55k per share to N1.56k per share.

Conversely, JAPAUL OIL & MARITIME SERVICES PLC led the decliners with a fall in selling price from 0.24k per share to 0.22k per share, losing 0.02k or 8.33 percent.

Followed by NEM INSURANCE PLC with a fall from N2.20k per share to N2.04k per share, losing 0.16k or 7.27 percent.

And MTN NIGERIA COMMUNICATIONS PLC moved from N120.00k per share to N115.00k per share, losing N5.00k or 4.17 percent.

Amaka E. Nliam