Investors’ wealth depreciates by N203 billion

Transactions on the equity sector of the Nigerian Stock Exchange closed on a downward note yesterday, as investors’ appetite for equities remain low, causing investors’ wealth to depreciate by N203 billion.             

Specifically, the market capitalisation of listed equities dipped by 1.77 per cent to N11.218 trillion from N11.421 trillion traded the previous day.

Also the Nigerian Stock Exchange All Share Index fell by N593.40 basis points to 32863.43 points from 33456.83 recorded on Tuesday. 
Investors bought 323.560 million shares valued at N4.728 billion in 4090 deals against 268.569 million shares worth N4.290 billion in 4808 deals.

At the end of today’s 13 stocks appreciated in value while 39 stocks depreciated in value and 55 stocks remain unchanged; making a total of 107 stocks that were actively transacted in today’s trading.
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Seven UP Bottling Company Plc led gainers chart for the day, growing by N6.90 kobo to close at N186.00, Lafarge Wapco followed with a gain of N1.01 kobo to close at N103.00, Presco Plc appreciated by N1.00 to close at N36.00, Betaglass increased by N0.50 kobo to close at N36.00 while International Breweries grew by N0.49 kobo to close at N19.50 kobo.           

On the contrary, ‎ Dangote Cement plc topped losers chart, declining by N8.00 to close at N172.00, Nestle Nigeria Plc trailed with a loss of N7.00 to close at N850.00 while Mobil Oil Nigeria Plc fell by N5.00 to close at N150.00.

Other companies that recorded price depreciation were Guinness Nigeria Plc and Unilever Nigeria Plc which went down by N2.53 kobo and N1.53 kobo respectively to close at  N160.28 kobo and N44.00.      

Further analysis of the investment showed that ‎ Access Bank Plc of the banking subsector recorded the highest volume of activities, exchanging 71.438 million shares worth N389.413 million, Zenith International Bank followed with account of 63.628 million shares valued at N1.231 billion, United Bank for Africa (UBA) sold 38.161 million shares cost N188.054 million.

GTBank sold 25.351 million shares worth N683.932 million and Diamond Bank traded 16.985 million shares cost N73.326 million.