Modupe Gbadeyanka
By Modupe Gbadeyanka
Investors trading shares at the local stock market were further hit with another loss on Thursday as bears maintained their dominance at that segment of the Nigerian capital market.
The N27 billion declined posted by the market capitalisation left the total value of listed securities at the Nigerian Stock Exchange (NSE) to close at N11.166 trillion.
Business Post reports that the local bourse dropped 0.24 percent after the All-Share Index (ASI) went down by 74.3 points to settle at 30,568.05 points.
It was observed that the loss yesterday was as a result of selloffs in some blue-chip equities led by Seplat, which went down by N5.90k to close at N540 per share.
Nestle Nigeria trailed with a loss of N5 to finish at N1480 per share, and NASCON, which depreciated by 90 kobo to end at N17 per share.
Stanbic IBTC declined by 45 kobo to close at N45.55k per share, while Flour Mills shed 40 kobo to end at N21 per share.
On the flip side, it was a good day for Mobil Oil Nigeria as the company’s shares went up by N5.40k to settle at N156.60k per share.
CAP gained N2.60k to finish at N37.25k per share, while Forte Oil appreciated by N2.15k to settle at N24.10k per share.
Newrest ASL Nigeria garnered 60 kobo yesterday to finish at N6.90k per share, while International Breweries rose by 55 kobo to close at N30 per share.
Yesterday, the volume of shares transacted on the floor of the NSE depreciated by 21.4 percent, however, the value marginally increased by 0.04 percent.
A total of 193.3 million equities worth N3.696 billion exchanged hands on Thursday compared with the 246.1 million shares sold for N3.695 billion the previous session.
FBN Holdings topped the activity chart yesterday after transacting a total of 25.3 million shares valued at N183 million.
Following were Access Bank and Fidelity Bank, which traded 24.1 million shares worth N179.6 million and 18.8 million equities worth N36.7 million respectively.
In addition, Zenith Bank sold 17.7 million equities valued at N406.6 million, while GTBank traded 15.8 million shares for N552.6 million.
