Stock market records marginal loss
Trading activities on the floor of the
Nigerian Stock Exchange on Tuesday witnessed another drop in share
prices as bears sustained their grip on the local bourse following the
sell- off that has pervaded.
However, the market breadth closed positively, recording 20 gainers as against seven losers.Consequently, the All-Share Index dipped
11.68 basis points or 0.05 per cent to close at 21,729.48 index points
as against 21.741.16 recorded the previous day while market
capitalisation of equities depreciated by N6bn from N11.329tn the
previous day to N11.323tn as market sentiment returned to the negative
Meanwhile, 233.5 million shares exchanged in 3,874 deals in the day’s trading.
The premium sub-sector was the most
active (measured by turnover volume); with 136.1 million shares
exchanged by investors in 1,985 deals.
Volume in the sub-sector was largely driven by activities in the shares of Access Plc and Zenith Bank Plc.
Also, the banking sub-sector received
boost by the activities in the shares of Fidelity Bank Plc and GTBbank
Plc followed with a turnover of 64.1 million shares in 903 deals.
Further analysis of the day’s trading
showed that in percentage terms Cutix Plc topped the day’s gainers’
table with 10 per cent to close at 1.32 per share while Cadbury Nigeria
Plc followed with 9.71 per cent to close at N5.65 per share. Neimeth
Pharmaceuticals Plc added 9.09 per cent to close at 48 kobo per share.
On the flip side, Total Nigeria Plc led
the losers’ with a drop of 10 per cent to close at N96.30 per share
while Africa Prudential Registrars Plc shed 9.87 per cent to close at
N3.47 per share. Jaiz Bank Plc trailed with 8.16 per cent to close at
45 kobo per share.
Source: Punchng, March 26, 2020