Stock market loses N111bn as investors await 3Q scorecard

Trading activities yesterday sustained downward trend, shedding N 111 billion as investors waiting for companies third quarter financial score card for the year.

The third financial results according to capital market operator are important to investors as it enabled them to make investment decision in the fourth of the year and ahead of full year financial report in the first quarter of the new year.

Meanwhile, Market capitalisation of listed equities declined by 0.84 per cent to N13.185 trillion from N13.296 trillion reported the previous day.

The NSE All Share index also depreciated by 229.18 basis points to 27085.69 points from  27314.87 points traded on Wednesday. Investors bought 151.197 million shares worth N2.521 billion in 2895 deals against 175.779 million shares valued at N2.568 billion in 3539 deals

A review of the transactions for the day showed that Nigerian Breweries led gainers table during the day, appreciating by N1.35 kobo, Mobil Plc followed with a gain of N1.00 to close at N140.00, Cement Company of Northern Nigeria gained N0.90 kobo to close at N16.40 kobo, Ekobank Transnational Incorporated added N0.60 kobo to close at N7.85 kobo, Flour Mills Nigeria Plc grew by N0.40 kobo to close at N15.00,

On the contrary, Nestlé Nigeria Plc recorded the highest loss during the day, declining by N139.40 kobo to close at N1255.50 kobo, Betaglass trailed with a loss of N5.95 kobo to close at N53.80 kobo, Unilever Nigeria Plc fell by N2.05 kobo to close at N24.65 kobo Guinness Nigeria Plc declined by N1.10 kobo to close at N32.90 kobo while Dangote Sugar Refinery down by N0.25 kobo to close at N10.55 kobo.

The result however showed that Guaranty Trust Bank was the most active stock during the day, trading 44.620 million share valued at N1.237 billion, FBNHoldings followed with account of 17.376 million, Fidelity Bank Plc sold a total of 11.219 million shares cost N19.058 million , Transnational Corporate of Nigeria traded 9.805 million shares valued at N9.976 million while Access Bank exchanged 9.389 million shares cost N69.166 million

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