Nigeria’s equities market remains bearish  as market cap down by N20bn Friday

The down ward on the Nigerian Stock Exchange (NSE) continued on Friday  as investors on the bourse suffered a loss of N20 billion even as the crucial market indices maintained negative outlook for fifth consecutive days.

The market capitalisation which opened at N10.860 trillion shed N20 billion to close at N10.840 trillion. Similarly, the All-Share Index lost 48.44 points or 0.17 per cent to close at 28,847.81 against 28,896.25 with which it closed on Thursday.

Stanbic IBTC led the gainers’ table for the day, gaining N2.30 to close at N46 per share.

Guinness followed with a gain of N1.50 to close at N51.50, while ETI 20k to close at N10.30 per share.

UACN also appreciated by 20k to close at N6.95, while NEM Insurance gained 18k to close at N2.50 per share.

On the other hand, Seplat recorded the highest loss during the day, shedding N57.90 to close at N522 per share.

Africa Prudential Registrar trailed with a loss of 39k to close at N3.54, while Guaranty Trust Bank lost 30k to close at N32 per share.

Eterna was down by 29k to close at N3.90, while Mansard Insurance declined by 14k to close at N1.81 per share.

Sovereign Trust Insurance drove the activity chart exchanging 44.54 million shares worth N11.14 million.

Sterling Bank followed with an account of 24.73 million shares valued at N65.77 million, while Access Bank sold 20.97 million shares worth N147.47 million.

Zenith Bank traded a total of 16.64 million shares valued at N332.83 million, while Transcorp sold 16.38 million shares worth N18.31 million.

In all, a total of 235.23 million shares valued at N1.36 billion were traded by investors in 3,130 deals.

This was against the 215.20 million shares worth N2.05 billion achieved in 5,646 deals on Thursday.