Dipo Olowookere
By Dipo Olowookere
Prices of stocks on the floor of the Nigerian Stock Exchange (NSE) further depreciated on Tuesday, leading to the 0.08 percent loss suffered by the market, shrinking the year-to-date return to 2.63 percent.
A total of 13 equities suffered decline during the session as against the 12 stocks that appreciated, with the quartet of GTBank, UBA, FBN Holdings and Vitafoam losing 15 kobo each to close at N28.85 per share, N7.55 per unit, N5.80 per share and N4.55 per unit respectively, while Zenith Bank shed 10 kobo to settle at N19.50 per share.
On the flip side, Stanbic IBTC closed as the biggest price gainer, rising by 50 kobo to settle at N38.50 per unit, while C&I Leasing gained 40 kobo to finish at N5.80 per share.
UAC Properties rose by 9 kobo to sell at 99 kobo per unit, United Capital and Eterna gained 5 kobo each to trade at N2.93 per share and N2.15 per unit respectively.
The volume of stocks transacted yesterday rose by 24.86 percent to 168.1 million units from 134.6 million units. Similarly, the value increased by 36.2 percent to N2.2 billion from N1.9 billion, while the number of deals dropped by 6.87 percent to 3,075 deals from 3,302 deals.
Zenith Bank was the most active stock, trading 49.0 million units worth N953.2 million, while GTBank traded 17.1 million shares worth N494.9 million.
United Capital sold 15.6 million shares valued at N45.7 million, Access Bank exchanged 12.8 million stocks for N124.4 million, while FBN Holdings transacted 10.3 million equities worth N60.4 million.
The sectorial performance showed that only the insurance sector closed in green, rising by 0.22 percent, while the energy and industrial goods sectors closed flat. The consumer goods sector lost 1.26 percent, while the banking sector declined by 0.49 percent.
Business Post reports that at the close of transactions, the All-Share Index (ASI) went down by 23.38 points to 27,547.56 points from 27,570.94 points, while the market capitalisation reduced by N13 billion to N14.347 trillion from N14.360 trillion.
