Stock Exchange all share index falls by 1.29%

Salamatu Ejembi, Lagos

Trading Floor of the Nigerian Stock Exchange (NSE)

The all share index of the Nigerian Stock Exchange has dropped falling within the 34 thousand mark.

The All Share Index which was hanging within the 35 thousand mark, opened for transactions on Thursday at 35,069.34 basis points but closed at the end of the trading activities at 34,618.43 basis points falling therefore by 450.91 basis points or 1.29 per cent.

In the same vein, the market capitalisation fell by 1.29 per cent or N165 billion to close on Thursday at N12,638 billion after opening at N12,803 billion.

This loss is evident also across most indices board as 9 out of 12 depreciated with only two indices; NSE Insurance Index and NSE Oil & Gas, appreciating by 0.28 basis points or 0.02 per cent and 1.41 basis points or 0.05 per cent respectively. While the NSE ASeM Index remained unchanged at 809.92 basis points.

On Wednesday, the volume of shares traded closed higher by 27.37 per cent with an exchange of 209.54 million shares valued at N2.90 billion in 4,044 deals. Today also, the volume of shares traded were 238 million shares valued at N309 billion, falling however, in the number of deals which stood at 3,162.00 deals on Thursday.

The Top 3 Trades for the day are; United Bank for Africa with 365 million share worth N319 million, trailed by GUARANTY Trust Bank Plc which traded 235 million shares worth N892 million. Then FBN HOLDINGS PLC   traded 210 million shares valued at N203 million.

At the end of the day, 17 shares gained, 29 depreciated while 124 stocks remained unchanged.

The top three gainers and losers of Thursday’s trading are;

SUNU ASSURANCES NIGERIA PLC. led by 0.02 or 10.00 per cent to close at 0.22 kobo per share, PORTLAND PAINTS & PRODUCTS NIGERIA PLC followed with a 0.22 kobo or 9.78 per cent gain to close at N2.47 kobo per share, then LINKAGE ASSURANCE PLC  was next with a gain of 0.06 kobo or 8.82 per cent to close at 0.74 kobo per share.

Topping the losers’ however is NEWREST ASL NIGERIA PLC with 0.45 kobo or 10.00 per cent fall to close at N4.05 kobo per share, while NEIMETH INTERNATIONAL PHARMACEUTICALS PLC  fell by 0.07 kobo or 9.59 per cent to close at 0.66 kobo per share. And,  SKYE BANK PLC loss 0.05 kobo or 8.77 per cent to close at0.52 kobo per share.