Brokers on the ground of Nigerian Stock Exchange in Lagos.
Equity transactions on the trading flooring of the Nigerian Stock Exchange (NSE), sustained sliding profile yesterday, whilst extra extremely capitalised shares recorded value depreciation, inflicting buyers’ wealth to depreciate by N94billion in four trading days.
Specifically, the market capitalisation of listed equities fell by N94billion from N14.914trillion recorded on Monday to N14.820trillion yesterday, whereas the All-share index stood at 41,820 trillion, representing zero.6 per cent decline from 41,172.82 achieved on Monday.
Analysts at Afrinvest Securities Limited, mentioned: “Despite the negative market performance, we anticipate a rebound in the market in the last trading session of the week due to bargain hunting opportunities in large cap stocks.”Yesterday, Seplat led the losers’ chart with N25.00 kobo to shut at N725 per share, whereas Dangote Cement trailed with a lack of N3.00 to shut at N245.00 per share.
Forte Oil declined by N85.00 kobo to shut at N40.00 per share. National Salt Company of Nigeria shed N60.00 kobo to shut at N20.40 per share, whereas Guaranty Trust Bank was down by N50.00 kobo to shut at N44.50 per share.
On the opposite hand, Okomu Oil topped the gainers’ chart, including N4.05 to shut at N85.05 per share.Cement Company of Northern Nigeria adopted withan achieve of N2.45 to shut at N27.05, whereas CAP appreciated by N1.80 kobo to shut at N38.90 per share. MRS added N1.40 to shut at N29.75, whereas Zenith Bank superior by 45 kobo to shut at N27.95 per share.
The quantity of shares traded additionally closed decrease dropping by 28.19 per cent, whereas worth of shares transacted declined by 56.16 per cent.Investors traded 244.92 million shares valued at N4.09billion in three,804 offers in opposition to 341.06 million shares price N9.33billion transacted in three,790 offers on Wednesday.
Zenith Bank was buyers delight, exchanging 79.35 million shares valued at N2.18billion.Access Bank adopted with an account of 19.91 million shares price N224.92million, whereas United Bank for Africa offered 19.04 million shares valued at N223.24million.Fidelity Bank exchanged 13.39 million shares price N33.56million, whereas CAP offered a complete of 9.16 million shares valued at N356.38million.