NSE all share index falls by 77%

Salamatu Ejembi, Lagos

Trading Floor of the Nigerian Stock Exchange

The All Share Index of the Nigerian Stock Exchange has further depreciated after the close of activities on Thursday.

The All Share Index which had a closing of 35,358.94 basis points on Wednesday, closed today at 35,086.67 basis points, depreciating by 272.27 basis points or 0.77 per cent.

Meanwhile, the NSE Market Capitalisation also fell by 0.77 per cent or 100 billion Naira, to close on Thursday at  12,809 trillion Naira after closing on Wednesday at 12,909 trillion Naira.

Thursday’s fall reflects on the movement of stock as only 11 stocks appreciated while 27 depreciated, compared to 18 stocks that appreciated on Wednesday and 27 stocks that depreciated same Wednesday.

While N.E.M Insurance co(Nig0 plc. led the gainers by 0.30 kobo or 10.00 per cent to close at N3.30 kobo per share, Livestock feeds plc PLC occupied the second position with a 0.05 kobo or 9.26 per cent to close at 0.59 kobo per share. Then Japaul oil and Maritime services plc followed with 0.02 kobo or 8.00 per cent to close at 0.27 kobo per share.

On the losers’ side however, Axamansard Insurance PLC topped the chat when it closed on Thursday at N2.30 kobo per share, shedding off 0.25 kobo or 9.80 per cent when compared to previous closing of N2.55 kobo per share.

While International Energy Insurance Company PLC which closed on wednesday at 0.42 kobo per share, fell to 0.38 kobo per share on Thursday by 0.04 kobo or 9.52 per cent. And Diamond Bank PLC dropped from N1.39 kobo per share on Wednesday to N1.26 kobo per share on Thursday.

Depreciating by 0.13 kobo or 9.35per cent.

Thursday’s trading saw the market transacting 285 million shares worth 344 billion Naira in 3,303.00 deals.

Top trades

United Bank for Africa plc stocks got traded most with over 57 million shares at the value of N452 million. While 45million N.E.M Insurance co(Nig) plc. shares were  traded at the value of N132 million.

The third and fourth most traded stocks on Thursday are Access Bank plc with 31 million shares at the value of N281 million and Diamond bank plc which traded 17 million shares at the value of N22 million respectively.

Lateefah Ibrahim