Profit-taking rocks market as Index drops 0.73%
Investors’ sentiment continued to rock the nation’s equities market over recent recession reports by the National Bureau of Statistic (NBS).
The equities market extended previous day’s losses on account of a 0.73 per cent decline recorded in Nigerian Stock Exchange All-Share Index (ASI).
The ASI depreciated by 203.31 basis points to close at 27,503.81 basis points, while investors lost N70 billion as market capitalization depreciated to N9.448 trillion.
Forte Oil Plc led the day’s declining stocks following a decline of N5 in its share price to close at N172 per share, Dangote Cement Plc lost N2 to close at N173 per share, Total Nigeria Plc dropped by 90 kobo to close at N241 per share, Cadbury Plc depreciated by 60 kobo to close at N14 per share and Zenith Bank Plc fell by 35 kobo to close at N14.6 per share.
On the flip side, UACN Plc led the day’s advancing stocks having improved by N1 to close at N21.5 per share, Guinness Nigeria Plc added 47 kobo to close at N95.97 per share, Nascon Allied Industries Plc followed with a growth of 9 kobo to close at N8.1 per share, Dangote Sugar Plc gained 6 kobo to close at N6.56 per share, and Eterna Oil Plc appreciated by 6 kobo to close at N2.8 per share.
The total value of stocks traded on the NSE amounted to N1.9 billion while a total of 176.8 million shares exchanged hands in 3,682 deals.
The top three traded stocks were: Guaranty Trust Bank Plc with the sale of 31.3 million shares worth N845.0 million, followed by Eco Transnational Incorporated Plc that exchanged 31.0 million shares worth N350.9 million, and Access Bank that traded 17.2 million stocks valued at N93.1 million.
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