The Nigerian Stock Exchange (NSE) All Share Index (ASI) as well as market capitalization lost 0.59 per cent as the local bourse registered 24 declining stocks as against only 25 gainers as at Thursday trading.
Consequently, the All-Share Index dipped 151.64 basis points or 0.59 per cent to close at 25,563.78 basis points as against 25,715.42 recorded the previous day while market capitalisation of equities depreciated by N52 billion from N8.793 trillion the previous day to N8.845 trillion as market sentiment remained on the negative territory. Meanwhile, a turnover of 178.8 million shares exchanged in 3,786 deals was recorded in the day’s trading.
The banking sub sector of the financial services sector was the most active during the day (measured by turnover volume); with 65.5 million shares exchanged by investors in 1.198 deals. Volume in the sub-sector was largely driven by activities in the shares of Fidelity Bank Plc and UBA Plc.
Also, Premium sub sector, boosted by activities in the shares of FBNH Plc and Zenith Bank Plc followed with a turnover of 44.6 million shares in 612 deals.
Further analysis of the day’s trading showed that Fidelity Bank Plc topped the day’s gainers’ table with 6.67 per cent to close at N1.12 per share while May and Baker Plc followed with five per cent to close at 84 kobo per share. Forte Oil Plc added 4.99 per cent to close at N199.48 per share.
On the flip side, Tranex Plc led the losers’ with a drop of 8.85 per cent to close at N1.03 per share while CCNN Plc shed 6.17 per cent each to close at N6.99 per share. Nigerian Breweries Plc plunged by 5.48 per cent to close at N115.32 per share.
