Nigeria’s Equity Market Declines By N6bn

Transactions on the floor of Nigerian Exchange on Wednesday closed on negative note, shedding N6 billion. Market capitalisation of listed equities declined by 0.02 per cent to N36.923 trillion from N36.929 trillion reported on Tuesday. The NGX All Share Index also depreciated by 11.61 basis points to 67206.16 points from 67217.77 points reported the previous day. A review of the investment showed that Multiverse led gainers table, growing by 9.74 per cent to close at N2.93 per share, Chams Plc followed with a gain of 9.71 per cent to close at N1.92 per unit, Caverton Business Solutions added 9.35 per cent to close at N1.52 per unit, FTNCocoa Plc up by 8.97 per cent to close at N1.70 per unit while Geregu powers increased by 7.71 per cent to close at N370.00. On the contrary, ETranzact and SUNU Assurance recorded the highest loss, shedding 10 per cent each to close at N7.56 and N0.99 per share. Deep Capital trailed at 7.41 per cent to close at N0.25 per share, Eterna Plc dropped by 7.41 per cent to close at N13.75 per unit, United Bank for Africa down by 5.79 per cent to close at N18.75 per share. Volume of trades increased by 9.756 million, representing 3.05 per cent as investors traded 329.660 million shares valued at N4.410 billion in 5998 deals against 319.904 million shares costing N6.330 billion in 6272 deals. Transactions in the shares of Fidelity Bank led market activities with 50.319 million shares valued at N411.728 million, AccesCorp plc followed with 43.186 million shares worth N30.101 million, Chams Plc traded 26.650 million shares cost N50.127 million, United Bank for Africa exchanged 25.848 million shares cost N502.077 million while GTCO Plc exchanged 20.630 million shares cost N733.793 million.

Again, Nigeria’s Equity Market Dips N293bn

Trading activities on the floor of Nigerian Exchange Tuesday sustained a downward trend, shedding N293 billion. Market capitalisation of listed equities declined by 0.79 per cent to N36.538 trillion from N36.831 trillion reported the previous day. The NGX All Share Index also depreciated by 535.98 basis points to 66760.20 points from 67296.18 points it opened on Monday. An analysis of the investment showed that Chellaram Plc and CWG led gainers table, gaining 10 per cent each to close at N3.19 and N6.93 per share respectively. Vitafoam Nigeria Plc followed with a gain of 9.78 per cent to close at N24.70 per unit, Oando Plc added 9.47 per cent to close at N9.25 per unit while Wema Bank added 8.94 per cent to close at N5.12 per share. On the contrary, Tranzact and Ragal Insurance topped losers chart, dropping by 10 per cent each to close at N8.10 and N0.36 per share respectively. Nascon and Dangote Sugar Refinery trailed with a loss of 9.96 per cent each to close at N47.00 and N52.00 respectively while Unity Bank fell by 9.92 per cent to close at N1.09 per share. Volume of trades increased by 125.407 million, representing 24.11 per cent as investors traded 645.540 million shares valued at N11.014 billion in 10.554 deals against 520.133 million shares valued at N8.334 billion in 9914 deals. Transactions on the shares of Transnational Corporation of Nigeria led  market activities with 87.823 million shares valued at N491.690 million, United Bank for Africa followed with account of 75.849 million shares valued at N1.035 billion, AccessCorp traded 69.448 million shares worth N1.052 billion, Fidelity Bank exchanged 48.322 million shares worth N387.343 million, GTCO Plc traded 39.708 million shares cost N1.326 billion .