Dipo Olowookere
By Dipo Olowookere
Yesterday, 0.94 percent was lost by the Nigerian Stock Exchange (NSE) on the second day of the full lockdown of two major cities of the country, Lagos and Abuja.
The loss pushed the total value of equities at the exchange to the N10 trillion region after the market capitalisation decreased by N104 billion to N10.997 trillion from N11.101 trillion.
Equally, the poor performance of the market during the session depleted the All-Share Index (ASI) by 199.93 points to 21,100.54 points from 21,300.47 points.
An analysis of the activity chart by Business Post showed that the volume of stocks traded on Wednesday dropped 63.38 percent to 154.6 million from 422.0 million. Also, the number of deals fell by 0.96 percent to 3,415 from 3,448.
However, the value of transactions increased during the session by 2.52 percent to N1.8 billion from N1.7 billion.
A breakdown showed that Zenith Bank pulled the highest volume, 38.7 million units worth N443.6 million, while GTBank transacted 22.3 million shares valued at N391.1 million.
In addition, FBN Holdings exchanged 14.9 million equities worth N58.6 million, Access Bank traded 14.1 million equities for N81.4 million, while Fidelity Bank traded 10.7 million stocks valued at N18.9 million.
On the price movement chart, Dangote Cement topped the losers’ chart, losing N12.90 to settle at N116.80 per share, while Guinness Nigeria depreciated by N2.50 to N22.70 per unit.
Flour Mills went down by N2.10 to close at N19.15 per unit, Unilever Nigeria declined by N1.10 to sell at N9.90 per share, while Nigerian Breweries depreciated by 85 kobo to quote at N24.80 per share.
On the flip side, MTN Nigeria topped the gainers’ table after adding N8.40 to its share value to settle at N98.40 per share, while International Breweries appreciated by 45 kobo to N5.35 per unit.
Cadbury Nigeria grew by 30 kobo to trade at N7.10 per share, NAHCO chalked up 10 kobo to quote at N2.60 per share, while Livestock Feeds gained 5 kobo to sell at 64 kobo per share.
