Two days to the nation’s Presidential election, the nation’s equity market returned to negative trend, shedding N17 billion.
Specifically, Market capitalisation of listed equities declined by 0.14 per cent to N12.145 trillion from N12.162 trillion traded yesterday. The NSE All Share Index also declined by 45.40 basis points to 32568.65 from 32614.05 points reported on Wednesday. Investors traded 220.609 million shares worth N2.240 billion in 4327 deals against 443.784 million shares valued at N5.642 billion in 4697 deals.
An analysis of the transactions for the day showed that Dangote Cement industry led gainers table during the day, gaining N0.60 kobo to close at N193.00, Glaxosmith Kline followed with a gain of N0.45 kobo to close at N12.00, Fidson Healthcare gained N0.25 kobo to close at N4.95 kobo, Ecobank Transnational Incorporated added N0.25 kobo to close at N6.50 kobo
On the contrary, International Breweries topped losers chart, dropping by N2.75 kobo to close at N26.25 kobo, Zenith International Bank trailed with a loss of N0.50 kobo to close at N25.30 kobo, PZ Cussons declined by N0.30 kobo to close at N12.35 kobo, Dangote Flour fell by N0.25 kobo to close at N9.70 kobo, UAC of Nigeria depreciated by N0.20 kobo to close at N8.80 kobo.
The result further showed that Transnational Corporation of Nigeria was the most active stock during the day, exchanging 24.733 million shares worth N36.160 million, FCMB followed with account of 19.223 million shares valued at N43.890 million, Guaranty Trust Bank traded 16.525 million shares valued at N630.229 million, Zenith Bank Plc sold 15.665 million shares cost N402.205 million while Access Bank traded 14.288 million shares valued at N91.013 million.
