Investors record N62bn loss as bears tighten grip

Wole Tokede

Investors on The Nigerian Stock Exchange (NSE) recorded a capital depreciation of N62 billion as the bears took hold of daily transactions today.

The All Share Index (NSE ASI) and the Market Capitalization decreased by 0.70 percent, while the Year-to-Date return stood at -10.46 per cent.

The All Share Index closed at 25,646.56 against the previous close of 25,828.30 while Market Capitalization closed at ₦8.822 trillion against previous close of ₦8.884 trillion.

Volume traded decreased by 57.53 per cent from 559.955 million to 237.837 million, while the total value of stock traded decreased by 78.87 per cent from ₦6.441 billion to ₦1.361 billion in 3,885 deals.

The Financial Services sector led the activity chart, as usual, with 177.409 million shares exchanged for ₦1.016 billion.

Conglomerates came next with 27.943 million shares traded for ₦0.046 billion, Agriculture, Consumer Goods, Industrial Goods sectors followed in that order on the activity chart.

FBNH, Zenithbank, Transcorp, Wemabank and UBA were the most active stocks by volume. Tigerbrands, Diamondbnk, Flourmill, Wemabank and Unilever emerged the highest price gainers on the chart, while UPL, Portpaint, Mansard, Fidson and FO topped the losers chart.