Investors’ wealth depreciates by N28 billion in three trading days
Equity transactions on the Nigerian Stock Exchange (NSE) closed on a downward note on Wednesday, following price losses suffered by most blue chip companies, as investors’ wealth depreciates by N28 billion in three trading days.
Specifically, market capitalisation dropped by N28 billion or 0.3 per cent from N9.895 trillion recorded on Monday to N9.867 trillion yesterday.
Similarly, the All-share index depreciated by 83.09 points, from 28,813.51 to 28,730.42.
On Wednesday, Forte Oil led the losers’ chart, dropping by N7.56 to close at N155.75 per share. Dangote Cement followed with a loss of N1.00 to close at N190, per share.
GlaxosmithKline declined by 77 kobo to close at N18 per share. Nigerian Breweries shed by 71 kobo to close at N133.05 per share. Cadbury lost 50 kobo to close at N16 per share.
On the other hand, Total oil emerged the day’s highest price gainer, adding 52 kobo to close at N182 per share.
Flour Mills trailed with a gain of 49 kobo to close at N21.99 per share and National Salt Company of Nigeria gained 33 kobo to close at N8.00 per share.
TransNational Corporation (TRANSCORP) rose by 14 kobo to close at N1.61 per share. PZ Industries appreciated by 13 kobo to close at N21.70 per share.
The volume of shares traded dropped by 8.34 per cent as investors staked N2.34 billion on 190.30 million shares transacted in 4,578 deals.
This was in contrast to a total of 207.62 million shares valued at N3.64 billion exchanged in 4,542 deals on Tuesday.
Access Bank dominated in volume terms with 33.26 million shares worth N185.96 million.
Zenith Bank accounted for 22.47 million shares valued at N369.16 million, while GT Bank traded 19.34 million shares worth N462.28 million.
FBN Holdings sold 17.07 million shares valued at N63.27 million and Transcorp recorded 13.19 million shares valued at N20.76 million.
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1 Comments
It is also CHANGE!
We will review and take appropriate action.