Nigerian Stock Exchange’s All-Share Index declines

By Salamatu Ejembi, Lagos.

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Logo of the Nigerian Stock Exchange (NSE).

The Nigerian Stock Exchange’s All-Share Index as well as the Market Capitalization both declined at the close of trading activities on Tuesday.

The NSE All Share Index dropped by 129.79 basis points or 0.46 percent to close on Tuesday at 27,820.57 basis points from 27,950.36 basis points obtained on Monday.

In the same vein, the Market Capitalization dropped by 63 billion Naira or 0.46 basis points to close at N13,558 trillion as against Monday’s close of 13,621 trillion Naira.

To further reflect this decline, the number of stocks that appreciated in price decreased from 20 on Monday to 11 on Tuesday. While stocks that declined in price increased from 14 to 20 stocks.

GAINERS

MUTUAL BENEFIT ASSURANCE PLC emerged as the stock that appreciated most, topping the gainers table when it closed at 0.22 Kobo per share compared to 0.20 Kobo per share on Monday. Appreciating by 0.02 Kobo or 10.00 percent.

Then IKEJA HOTEL PLC that commenced trading on Tuesday at the price N1.34 Kobo per share, closed at N1.46 Kobo per share, gaining 0.12 Kobo or 8.96 percent.

And UNITY BANK PLC opened at 0.58 Kobo per share and closed at 0.63 Kobo per share, gaining 0.05 Kobo or 8.62 percent.

LOSERS

To top the losers’ chart today, JAPAUL OIL & MARITIME SERVICES PLC commenced transactions at 0.23 Kobo per share, closed at 0.21 Kobo per share, declining by 0.02 Kobo or 8.70 percent.

NIGERIAN BREWERIES PLC began Tuesday’s trading at N60.00 per share and closed at N55.00 per share, falling by N5.00 or 8.33 percent.

While LASACO ASSURANCE PLC started the trading day on Tuesday at 0.37 Kobo per share and ended with 0.34 Kobo per share, falling by 0.03 Kobo or 8.11 percent.

155 million shares worth 2.130 billion Naira were traded in 3,192.00 deals on Tuesday, contrary to Monday’s 93 million shares worth about 1.108 billion Naira in 3,056.00 deals.

TOP TRADES

The most traded stocks were GUARANTY Trust Bank PLC with 22 million shares valued at N640 billion Naira. Followed by United Bank For Africa PLC which traded 21 million shares at N124 billion Naira.

Then ZENITH BANK PLC traded 14.97 million shares at N276 billion Naira.

Amaka E. Nliam