Equity market sheds N15bn

Investment in the nation’s equity market on Thursday sustained declining trend, as value of equities declined by N15 billion.

Specifically, market capitalisation of listed equities declined further by 0.11 per cent to N13.183 trillion from  N13.198 trillion traded on Wednesday.

The Nigerian Stock Exchange (NSE) All Share Index also depreciated by 30.18 basis pounts  to 27052.93 points from  27083.11 traded the previous day.

Investors traded 233.199 million shares worth N3.636 billion in 4331 deals against 235.117 million shares valued at N3.291 billion exchanged hands in previous day at 3923 deals.

A review of the transactions for the day showed that MTN Nigeria Communication Plc led gainers table, appreciating by N5.75 kobo to close at N135.00, Cement Company of Northern Nigeria followed with a gain of N1.25 kobo to close at N14.50 kobo, Dangote Flour Mills PLC gained N0.30 kobo to close at N20.80 kobo, Union Bank of Nigeria Plc added N0.20 kobo to close at N7.00 while Unity Bank Plc appreciated by N0.69 kobo.

On the contrary, Stanbic IBTC topped losers chart during the day, declining by N3.80 kobo to close at N34.30 kobo, Unilever Nigeria Plc trailed with a loss of N3.20 kobo to close at N28.80 kobo, Dangote Cement Industry fell by N3.00 to close at N162.00, Ecobank Transnational Incorporated (ETI) declined by N0.70 kobo to close at N6.30 kobo, Custodian and Investment Plc down by N0.60 kobo to close at N5.60 kobo.

The result also indicated that Guaranty Trust Bank Plc recorded the highest volume of activities, trading 42.499 million shares valued at N1.099 billion, Transnational Corporation of  Nigeria followed with account of 37.868 million shares worth N33.121 million, Access Bank traded 22.107 million shares cost N130.091 million, Fidelity Bank Plc sold 19.375 million shares valued at N28.174 million while Zenith Bank Plc exchanged 18.326 million shares worth N298.564 million.

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