Losses in heavy weight stocks drag NSEASI 2.12% lower, Wednesday

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The Nigerian Bourse on Wednesday closed in red as the All Share Index declined further by 2.21% to close at 32,466.27 points from the previous close of 33,167.88 points on Tuesday.

Market capitalisation dropped by 2.11%, closing at N11.853 trillion as against the previous close of N12.109 trillion on Tuesday, thereby shedding N256 billion.

The volume and value of traded stocks declined by 31.26% and 37.19% to close at 212.5 million units and N3.77 billion respectively.

Market Breadth

15 stocks gained as against 30 that lost bringing the market breadth to a negative round off.

Percentage Gainers

Regency Alliance Insurance, Newrest ASL Nigeria Plc (Airservice), and International Breweries led other percentage gainers, gaining 10% each to close at N0.22, N6.6 and N33.55 respectively.

Linkage Assurance and Jaiz Bank also gained 9.52% and 8.70% among others on the gainers’ list.

Percentage Losers

Stanbic IBTC and Union Diagnostics both top the losers’ chart, shedding 10% of their share prices.

Other stocks on the losers’ charts include: Dangote Cement, Dangote Flour, GLAXOSMITH, Fidson, Honeywell Flour, Dangote Sugar, FBNH, Transcorp, UBA, FCMB, Guaranty Trust Bank, Zenith Bank, Access Bank, Union Bank and Fidelity Bank among others.

Volume Drivers

  • Guaranty Trust Bank traded about 43.6 million units of its shares in 196 deals, valued at N1.63 billion
  • Zenith Bank traded about 29.6 million units of its shares in 291 deals, valued at N695.8 million

 

 

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