Equity Investors Lose N192bn in Two Trading Sessions
ISMAIL MUSA
The equities market declining trend which opened the week, was sustained Tuesday as the market closed negative, with NSE-ASI losing 0.03 per cent to close at 27,033.10pts. Market breadth index was negative with 20 losers against 8 gainers.
Equities market capitalisation for the two days of trading sessions this week, has declined by N192 billion, driven by the N188 billion loss on Monday and N4.1bn loss Tuesday.
Tuesday , the market dipped by N4.1 billion, closing at N14,083,037 trillion, from N14,087,169 trillion which opened trading for the day., the loss was driven by Sfsreit
Zenith Bank emerged the most active on Tuesday with 43,318,951million turnover, worth N827, 218,666.75 million, followed by Guaranty Trust with 38,737,126 million shares, worth N1, 039,466,366.30 billion, while UBA placed third in activity chart with 28,869,725million shares worth N196, 800,078.70 million.
Transcorp placed fourth in turnover with 27,373,644 million shares worth N24, 997,240.46 million, while UPDCREIT closed the top five activity chart with 20,149,284 million shares, worth N63, 488,244.60 million.
Sfsreit closed the day as the highest loser, having dipped by N7.65 or 9.94 per cent, closing at N69.3 per share, followed by NB which depreciated by N1 or 2.13 per cent of its share price, ending the day at N46 per share, while UPDCREIT, the third highest loser declined N0.3 or 8.70 per cent, ending Tuesday at N3.15 per share.
Caverton, the fourth highest loser dropped in share price by N0.24 or 8.16 per cent, ending at N2.7 per share, while SKYAVN closed the top five loser slot at N2.13 per share, following decline by N0.23 or 9.75 per cent.
NSE Consumer Goods Index posted the highest dip with 0.38 per cent, due to the declines in NB which lost 2.13 per cent of its share value, and HONEYFLOUR that weakened by -2.04 per cent.
NSE Banking Index appreciated by 0.11 per cent, as a result of the buy interests in FBNH shares which rose by 2.83 per cent, and ACCESS that advanced 2.27 per cent. However, the NSE Industrial Index and the NSE Oil & Gas Index closed flat respectively.
Cadbury led the gainers on Tuesday with N0.8 or 9.76 per cent, closing at N9 per share, followed by AFRIPRUD with N0.21 or 4.29 per cent growth, to close at N5.11 per share, while ACCESS closed higher at N9 per share, having advanced by N0.2 or 2.27 per cent.
FBNH, the fourth best gainer Tuesday, appreciated by N0.15 or 2.83 per cent, closing at N5.45 per share, while GlaxoSmithKline closed the top five gainers for the day at N4.6 per share, having advanced in share price by N0.1 or 2.22 per cent.
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