NSE records 0.37% loss in last trading day

Salamatu Ejembi, Lagos

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The Nigerian equities market has sustained its bearish close with market indicators shedding 0.37 percent.

Specifically, the All Share Index (ASI) shed 102.27 basis points, representing a dip of 0.37 per cent to close at 27,718.26 basis points against 27,820.57 basis points achieved on Tuesday.

Likewise, the Market Capitalisation shed N51 billion or 0.37 per cent to close at N13.507 trillion compared to N13.558 trillion on Tuesday.

Market breadth closed on a competitive, with 20 gainers against 20 losers.


To top the gainers chart is JULIUS BERGER NIG PLC with an opening price of N18.75 Kobo per share and a closing price of N20.60 Kobo per share, gaining N1.85 Kobo or 9.87 percent.

Then FORTE OIL PLC which opened transactions at N18.00 Kobo per share and closed at N19.65 Kobo per share, gained N1.65 Kobo or 9.17 percent.

and MUTUAL BENEFIT ASSURANCE PLC opened at 0.22 Kobo per share and closed at 0.24 Kobo per share, gaining 0.02 Kobo or 9.09 percent.


On the losing chart however, UNIVERSITY PRESS PLC led by 0.18 Kobo or 10.00 percent when it closed at N1.62 Kobo per share after opening at N1.80 per share.

While BERGER PAINTS PLC followed with 0.60 Kobo or 9.52 percent fall to close at N5.70 Kobo per share after opening at N6.30 Kobo per share.

and  DANGOTE SUGAR REFINERY PLC which commenced transactions at N10.80 Kobo per share, closed at N9.80 Kobo per share, falling by N1.00 or 9.26 percent.

in all, investors traded 251.9 million shares valued at 4.129 billion Naira in 3,937.00 deals.

This is in contrast to Tuesday’s 155 million shares worth 2.130 billion Naira traded in 3,192.00 deals.

ZENITH BANK PLC recorded the highest volume of activities, trading 39.13 million shares, valued at N718.8 billion.

FBN HOLDINGS PLC followed with 34.7 million shares valued at N197.5 billion, while UNITED BANK FOR AFRICA PLC traded 27.7 million shares valued at N163.7 billion.

Suzan O