Stocks Shed N15bn Thursday as Year-to-Date Loss hits 13.93%
Transactions on the floor of the
Nigerian Stock Exchange (NSE) remained bearish on Thursday as investors
continue to selloff their holdings due to some uncertainties.
This led to the reduction in the market
value yesterday by N15 billion to settle at N13.183 trillion, while the
All-Share Index (ASI) went down by 30.18 points to finish at 27,052.93
Business Post reports
that the market closed on Thursday with a total of 23 price losers as
against the only nine price gainers, which left the market breadth
Topping the risers chart was MTN
Nigeria, which added N5.75k to its share price to close at N135 per
share, with CCNN occupying the second position with N1.25k gain to end
at N14.50k per unit.
Flour appreciated by 30 kobo to finish at N20.80k per share, Union Bank
rose by 20 kobo to settle at N7 per unit, while Zenith Bank grew by 5
kobo to end at N16.25k per share.
At the other side, Stanbic IBTC
dominated the price decliners’ table with a price depreciation of N3.80k
to finish at N34.30k per share, while Unilever Nigeria shed N3.20k to
close at N28.80k per unit.
Cement depreciated yesterday by N3 to end at N162 per share, Ecobank
went down by 70 kobo to settle at N6.30k per share, while Custodian
Investment declined by 60 kobo to close at N5.60k per unit.
During yesterday’s trading session, Business Post observed
that the activity level was mixed with the volume of trades going down
by 0.82 percent, while the value of the transactions went up by 10.48
The volume of shares exchanged by
investors dropped to 233.2 million on Thursday from 235.1 million on
Wednesday, while the value of the equities rose to N3.6 billion
yesterday N3.3 billion.
the activity chart at the stock market yesterday was GTBank as
investors traded 42.5 million units of the company’s shares worth N1.1
It was trailed by Transcorp, which sold
37.9 million valued at N33.1 million, Access Bank, which exchanged 22.1
million equities worth N130.1 million, Fidelity Bank, which transacted
19.4 million shares for N28.2 million, and Zenith Bank, which exchanged
18.3 million equities worth N298.6 million.
Source: Business Post, August 15, 2019