NSE index below 25,000.00 bpts


The equities market at the Nigerian Stock Exchange (NSE), on Thursday closed on a bearish note, as All Share Index and Market Capitalisation of all equities depreciated by 3.44 per cent to continue its negative trend in the new year.

ASI closed  at 24,239.98 basis points, compared with the 3.58 per cent  depreciation recorded on Wednesday, leaving its Year-to-Date (YTD) returns currently standing at -15.37 per cent.

Market Capitalisation further lost N302 billion as it closed at N8.336 trillion against N8.633 trillion recorded on Wednesday.

Market breadth closed negative as five gainers were recorded against 31 losers, though an improved performance when compared with previous day outlook of three gainers against 34 losers.

Market turnover closed negative as volume declined by 28.90 per cent against 65.37 per cent upsurge recorded in on Wednesday.

Ikeja Hotel Plc led the five quoted companies on the gainers table as it’s share price appreciated by 4.73 per cent or 14 kobo to close at N3.10 kobo per share. Honeywell Flour Mills Plc followed closely with 4.65 per cent increase as it added N0.08 kobo to N1.72 kobo per share it opened the day trade with. Fidelity Bank Plc, the only quoted company under the Banking Index that added to its share value, closed at N1.35 kobo having gained N0.05 to its share price.

A.G. Leventis Nigeria Plc also joined the gainers league as it closed at 61 kobo per share as against 59 kobo it traded, while Custodian and Allied Plc had 1.19 per cent appreciation of stock value to close at N4.25 kobo incontrast to N4.20 per share it started the day trade.

On the flip side, Seplat Petroleum Development Company Ltd took the lead as it depreciated by 9.75 per cent having shed N19.11 kobo off the N196.07 kobo per share it traded. Oando Plc also followed suit with 9.64 peer cent or 45 kobo decrease to close at N4.19 kobo per share.

Guaranty Trust Bank Plc lost N1.58 kobo or 9.64 per cent from its share price leaving it at N14.81 kobo, while First Bank of Nigeria Holding Plc followed closely with 9.52 per cent loss to close at N3.61 kobo as against N3.99 kobo per share.

First City Monument Bank Plc’s share price also declined by 8.82 per cent of 12 kobo, closing at N1.24 kobo. Investors traded a total of 262,522,985 shares worth N2.4 billion in 2,579 deals.

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