Dipo Olowookere
By Dipo Olowookere
A further loss was recorded on the trading floor of the Nigerian Stock Exchange (NSE) on Wednesday, closing 0.07 percent lower to stretch the year-to-date loss to 6.54 percent.
The All-Share Index (ASI), which ended on Tuesday at 29,395.14 points, finished on Wednesday at 29,375.25 points, indicating a decline of 19.89 points.
Similarly, the market capitalisation, which settled at N12.957 trillion in the previous session, lost N9 billion yesterday to end at N12.948 trillion.
Business Post reports that during Wednesday’s trading day, there were a total of 23 price risers and 16 price decliners.
The losers’ chart was dominated by Mobil Nigeria after going down by N17 to finish at N158 per share, with Total Nigeria and Okomu Oil following with N2 loss each to settle at N148 and N62 respectively.
Julius Berger lost N1.95k to close at N19.95k per share, while Fidson declined by 50 kobo to end at N4.55k per unit.
On the flip side, Unilever Nigeria topped the gainers’ chart after adding N1.30k to its share price to close at N32 per unit.
Lafarge Africa gained 75 kobo to close at N13.25k per share, while CCNN appreciated by 50 kobo to finish at N14.50k per share.
C&I Leasing and BOC Gas both went up by 41 kobo each to finish at N5.50k and N4.54k respectively.
The activity chart was mixed yesterday as a result of the improvement in the volume of shares traded and decline in the value of the transactions.
While the volume of equities transacted on Wednesday rose by 18.45 percent to 237.7 million from 200.7 million, the value decreased by 31.45 percent to N2 billion from N2.9 billion.
Majority of the transactions were tilted towards Morison Industries, which exchanged 44.5 million shares worth N24.1 million.
UBA traded 34.1 million equities valued at N209.6 million, while Sterling Bank exchanged 32.1 million units for N72.1 million.
Zenith Bank sold 28.2 million shares worth N541.2 million, while FBN Holdings transacted 20 million shares worth N128.1 million.
