Market reverses two-day gains as investors lose N54bn
Investors on the Nigerian Stock Exchange (NSE) traded 270.722 million shares valued at N2.247 billion in 4,609 deals on Thursday. Market capitalisation of the market closed at N9.633 trillion and the All-Share Index at 28,046.96 basis points as against N9.687 trillion and 28,205.62 basis points respectively on Wednesday, translating to a loss of N54 billion in the day trading.
The most appreciated stock of the day was MRS which rose from N35.19 to N38.78 per share it added N3.59 to its opening value. UACN rose from N20.51 to close at N20.73 as it added N0.22; GUINNESS added N0.2 to its opening value of N94 and it ended the day trading at N94.; PHARMDEKO rose from the value of N1.65 with which it opened the day trading and closed at N1.73having added N0.08; GUARANTY closed at N23.5 from N23.47 it began the day trading activities as it added N0.03 to its opening value.
On the other side, NB led the top-five losers of the day as it came down from its opening value of N140 to close at N138.71 as it recorded a loss of N1.29; FLOURMILL, from its opening value of N22.01, ended the day trading at N21.14 as it recorded a loss of N0.87 per share. ZENITHBANK which began the day trading activities at N16.8 closed at N16.31 as it was marked down by N0.49 per share; BERGER recorded a loss of N0.4 per share to close at N7.63 from its opening value of N8.03 per share while ETI dropped from N13.28 opening value to close at N12.93 as it was marked down by N0.35 per share.
The most traded stock of the day was FBNH with 86.187 million shares at N289.795 million; GUARANTY traded 38.610 million shares valued at N902.105 million; SKYEBANK, 22.814 million shares at N16.201 million; ZENITHBANK, 21.852 million shares at N361.730 million; UBA, 14.539 million shares valued at N64.442 million.
Athekame Kenneth liked this on Facebook.
9/22/2016 at 17:20:58 Greetings from danglekatangul
Love the website– very user-friendly and lots to explore!
I’m gratified by the manner in which business247ng.com covers this type of subject matter! Generally to the point, sometimes polemic, consistently well-written and also challenging.
I completely agree with your take on this subject and look forward to additional posts and comments here at business247ng.com. Keep up the good work!
9/30/2016 business247ng.com does it again! Very informative site and a well-written post. Nice work!
Solid, well-researched content. I just passed this on 10/2/2016 to a coworker who has been doing a little research of her own on this subject. To show their appreciation, she just bought me lunch! So, I guess I should say: Cheers for the meal!
10/2/2016 @ 22:35:47 Love this site– very informative and lots to see!
I’m gratified with the way that business247ng.com covers this kind of subject matter! Generally to the point, sometimes contentious, always well-written and more often than not quite challenging.
Congrats for the noteworthy website you’ve created at business247ng.com. Your enthusiasm is certainly contagious. Thanks again!
10/12/2016 @ 09:52:49 Appreciate the website– extremely user-friendly and a lot of stuff to explore!
Appreciate business247ng.com– extremely user-friendly and lots to explore!
2. Hope to see more of your work soon.
Many thanks for the great site you’ve created at business247ng.com. Your enthusiastic take on the subject is absolutely contagious. Thanks again!
10/25/2016 In my estimation, business247ng.com does a excellent job of covering issues of this sort! Even if ofttimes deliberately polemic, the information is more often than not well researched and stimulating.