NSEASI drops 0.28% further, Wednesday

Trading activities on the floor of the Nigerian Stock Exchange on Wednesday, closed negative as the All Share Index dropped further by 0.28% to close at 37,499.07 points from 37,605.12 points of the previous trading session.

Market capitalisation also declined from N13.622 trillion on Tuesday to N13.584 trillion, shedding N38 billion

Volume and value of traded stocks appreciated by 96.49 percent and 18.08 percent to close at 505.737 million units and N3.126 billion respectively.

Market Breadth

21 stocks closed positive against 24 that lost bringing the market breadth to a negative round off.

Percentage Gainers

May & Baker led other percentage gainers closing 9.76% above the previous close of N2.05 to settle at N2.25.

FCMB grew 9.62% and Japaul Oil grew 9.09% ahead stocks like Skye Bank, Mutual benefits, Eterna Oil, Consolidated Hallmark Insurance and Fidelity Bank, which gained above 6% of their share prices.

Percentage Losers

MCNICHOLS and Forte Oil top the losers’ chart, both losing 10.00% of their share prices; while Omoluabi Mortgage Bank and Conoil shed 9.38% and 8.33% respectively.

Volume Drivers

The most actively traded stock of the day is Guaranty Trust Bank, trading about 28.419 million units of its shares, valued at about N1.128 billion in 274 deals.


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