Nigerian Stock Exchange: Trading ends on negative

By Salamatu Ejembi, Lagos.

Logo of the Nigerian Stock Exchange (NSE)

Wednesday being the second consecutive day of negative close on the floor of the Exchange, saw the Market Benchmark falling by 0.42 percent.

Specifically, the Market Capitalization closed at 13,358 trillion Naira as against Tuesday’s 13,415 trillion Naira, leading to investors losing 57 billion Naira.

Likewise, the All Share Index fell by 0.42 percent or 115.27 basis points, closing at 27,412.13 basis points compared to previous close of 27,527.40 basis points on Tuesday.

Investors traded 128,956 million units of shares at the value of 1.182 billion Naira in 3,118 deals in comparison to Tuesday’s 170,723 million units of shares worth N2.262 billion Naira traded in 3,614 deals.

Market breadth was relatively negative as 11 as against Tuesday’s 6 stocks appreciated in price while 17 as against Tuesday’s 23 stocks depreciated.

AIICO INSURANCE PLC appreciated most by 0.06k or 9.38 percent to close at 0.70k per share.

CONOIL PLC was next with N1.05k or 6.33 percent gain to close at N17.65k per share.

Then LASACO ASSURANCE PLC followed with 0.02k or 5.88 percent gain to close at 0.36k per share.

RED STAR EXPRESS PLC headed the losers’ by 0.52k or 9.85 percent, closing at N4.76k per share.

Followed by CONTINENTAL REINSURANCE PLC with 0.15k or 9.68 percent fall, closing at N1.40 per share.

While JAIZ BANK PLC fell by 0.04k or 9.52 percent to close at 0.38k per share.

Amaka E. Nliam