Again, Equity Market Sheds N35bn

Transactions on the floor of Nigerian Exchange (NGX) on Thursday closed negative shedding N35 billion. This was due to decline in the share prices of Oando Plc, Nigerian Breweries Flour Mills Nigeria Plc Northern Nigeria Flour Mills among others. Market capitalisation of listed equities dropped by 0.09 per cent to N37.365 trillion from N37.400 trillion traded on Wednesday. The NGX All Share Index also went down by 64.58 basis points to 68271.14 points from 68335.72 points recorded the previous day. Investors traded 1.125 billion shares valued at N5.818 billion in 7949 deals against 566.631 million shares costing N5.386 billion exchanged hands the previous day in 8201 deals. A review of the investment during the day showed that JohnHolt led gainers table, increasing by 9.55 per cent to close at N1.72 per unit, Daar Communications and Omatek plc followed with a gain of 9.52 each to close at N0.23 and N0.46 per share respectively. Mutual Benefits gained 9.30 per cent to close at N0.47 per share, SUNU Assurance added 9.09 per cent to close at N0.96 per unit. On the contrary, Oando Plc recorded the highest loss in percentage terms, declining by 9.93 per cent to close at N13.15 per share, Lasaco Insurance trailed with a loss of 9.71 per cent to close at N1.86 per unit, Chams Plc fell by 9.59 per cent to close at N1.32 per unit, Northern Nigeria Flour Mills fell by 9.23 per cent to close at N15.25 per share. Tantalizer declined by 8.57 per cent to close at N0.32 per unit. Trading in the shares of Universal insurance led market activities, exchanging 669.012 million shares valued at N134.205 million, Oando Plc followed with 100.680 million worth N1.456 billion, Japaul Gold traded 43.738 million shares valued at N43.385 million, AccessCorp traded 40.144 million shares cost N681.949 million, United Bank for Africa sold 32.450 million shares valued at N552.752 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 .