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Stock market decreases further by 0.13%

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 The Nigerian Exchange Ltd NGX declined further on Friday as market capitalisation depreciated by N35 billion or 0 13 per cent to close at N26 686 trillion from N26 721 trillion on Thursday Also the All Share Index ASI fell by 65 06 points or 0 13 per cent to 49 475 42 from 49 540 48 recorded at the previous trading The major drivers of the weak performance were Zenith Bank First Bank of Nigeria Holding Access Bank Holding and Stanbic Bank The market breath ended with nine stocks gaining while 13 were on the losers charts NEM Insurance led the gainers with 8 97 per cent to close at N5 59 per share Academy Press followed with an appreciation of 6 80 per cent to close N2 20 per share Japaul Gold and Ventures rose by 3 79 per cent to close at 28k while Cadbury International garnered three per cent to close at N13 75 per share Wema Bank gained by 1 76 per cent to close at N3 46 per share Conversely Regency Alliance Insurance led the loser s chat with a depreciation of 7 41 per cent to close at 25k per share Unity Bank followed dropping by 6 98 per cent to close at 40k per share while Access Bank Holding lost by 5 14 per cent to close at N8 30 per share Conerstone Insurance declined by 4 76 per cent to close at 60k while United Bank for Africa UBA shed 4 70 per cent to close at N7 10 per share Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions decreasing by 9 04 per cent A total of 107 49 million shares valued at N1 15 billion were exchanged in 3 303 deals FBNH Holding recorded the highest volume of 12 02 million traded shares valued at N120 67 million It was followed by Zenith Bank which sold 11 97 million shares worth N235 91 while Access Bank holding transacted 11 35 million shares valued at N92 28 Also UBA traded 9 07 million shares valued at N66 45 while Guaranty Trust Holding Company GTCO transacted 6 68 shares worth N131 55 million NewsSourceCredit NAN
Stock market decreases further by 0.13%

Nigerian Exchange Ltd

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N35 billion or 0.13 per cent, to close at N26.686 trillion from N26.721 trillion on Thursday.

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All-Share Index

Also, the All-Share Index (ASI) fell by 65.06 points or 0.13 per cent to 49,475.42 from 49,540.48 recorded at the previous trading.

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Zenith Bank

The major drivers of the weak performance were Zenith Bank, First Bank of Nigeria Holding, Access Bank Holding and Stanbic Bank
The market breath ended with nine stocks gaining, while 13 were on the losers’ charts.

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NEM Insurance led the gainers with 8.97 per cent to close at N5.59 per share.

Academy Press

Academy Press followed with an appreciation of 6.80 per cent to close N2.20 per share.

Japaul Gold and Ventures

Japaul Gold and Ventures rose by 3.79 per cent to close at 28k, while Cadbury International garnered three per cent  to close at N13.75 per share.

Wema Bank

Wema Bank gained by 1.76 per cent to close at N3.46 per share.

Regency Alliance Insurance

Conversely, Regency Alliance Insurance led the loser’s chat with a  depreciation of 7.41 per cent to close at 25k per share.

Unity Bank

Unity Bank followed dropping by 6.98 per cent to close at 40k per share, while Access Bank Holding lost by 5.14 per cent to close at N8.30 per share.

Conerstone Insurance

Conerstone Insurance declined by 4.76 per cent to close at 60k, while United Bank for Africa (UBA) shed 4.70 per cent to close at N7.10 per share.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 9.04 per cent.

A total of 107.49 million shares valued at N1.15 billion were exchanged in 3,303 deals.

FBNH Holding recorded the highest volume of 12.02 million traded shares valued at N120.67 million.

Zenith Bank

It was followed by Zenith Bank, which sold 11.97 million shares worth N235.91, while Access Bank holding transacted 11.35 million shares valued at N92.28.

Guaranty Trust Holding Company

Also, UBA traded 9.07 million shares valued at N66.45, while Guaranty Trust Holding Company (GTCO) transacted 6.68 shares worth  N131.55 million.

NewsSourceCredit: NAN

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