NSE market capitalization sheds 4billion naira

Salamatu Ejembi, Lagos

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On its second trading day for the week, the equities market again closed on the negative on Tuesday.

The Market Capitalization stood at 14,083 trillion Naira declining by 0.03 percent or 4 billion Naira from Monday’s close of 14,087 trillion Naira. While the All Share Index closed at 27,033.10 basis points, declining also by 0.03 or 7.93 basis points from previous closing of 27,041.03 basis points.

Investors traded a sum of 241,710 million units of shares on the floor of the Nigerian Stock Exchange, valued at N3,554 billion in 4,456.00 deals, where 8 stocks appreciated while 22 declined.

ZENITH BANK PLC was the most traded stock by volume at 43.32 million units, while GUARANTY TRUST BANK PLC was the most traded by value at N1.04 billion.

The top three gainer’s of Tuesday’s transactions are; LAW UNION AND ROCK INS. PLC which moved from previous selling price of 0.80k per share to close at 0.88k per share, gaining 0.08k or 10.00 percent.

CADBURY NIGERIA PLC. was next with a previous closing price of N8.20k per share to close on Tuesday at N9.00k per share, gaining 0.80k or 9.76 percent.

Then AFRICA PRUDENTIAL PLC followed with a rise in selling price from N4.90k per share, to N5.11k per share, gaining 0.21k or 4.29 percent.

While on the reverse side, SFS REAL ESTATE INVESTMENT TRUST topped the losers’ chart with a fall from N76.95k per share to N69.30k per share, losing N7.65k or 9.94 percent.

SKYWAY AVIATION HANDLING COMPANY PLC was the second top decliner from N2.36k per share to N2.13k per share, losing 0.23k or 9.75 percent.

And NPF MICROFINANCE BANK PLC took up the third decliner position with a fall from N1.24k per share to N1.12k per share, losing 0.12k or 9.68 percent.

Analyzing sectorial performances, significant losses recorded in the insurance index by 2.01 percent and Consumer Goods index by 0.38%, masked the 0.11% gains in Banking index; while the Industrial Goods and Oil & Gas indices closed flat.

Meanwhile, the Executive Management team of Abbey Mortgage Bank Plc paid a visit to the Exchange today in Lagos.

The team, led by the Managing Director/CEO, Mrs. Rose Ada Okwechime, was honoured with a Closing Gong Ceremony to commemorate the bank’s successful listing of additional shares on the Exchange.

CAPTION;
· L – R shows Mr. Olumide Bolumole, Head, Listings Business Division, The Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Mrs. Rose Ada Okwechime, Managing Director/CEO, Abbey Mortgage Bank Plc during the visit of the Executive Management team to the Exchange today in Lagos.

· L – R shows Mr. Niyi Adenubi, Executive Director, VFD Group Plc; Mrs. Rose Ada Okwechime, Managing Director/CEO, Abbey Mortgage Bank Plc; Mr. Olumide Bolumole, Head, Listings Business Division, The Nigerian Stock Exchange (NSE); Ms. Lolita Ejiofor, Head of Compliance/Business Review System, Abbey Mortgage Bank Plc; Mr. Geoff Amaghereonu, Company Secretary/ Chief Legal Counsel, Abbey Mortgage Bank Plc; Mr. Andrew Nwosisi, Executive Director, Abbey Mortgage Bank Plc; and Mr. Jude Chiemeka, Head, Trading Business Division, NSE during a Closing Gong Ceremony to commemorate Abbey Mortgage Bank Plc’s successful listing of additional shares on the Exchange in Lagos today.