Home Business Bears maintained dominance on NSE for 3 days

Bears maintained dominance on NSE for 3 days

Nigerian Stock Exchange
Nigerian Stock Exchange
Nigerian Stock Exchange
Nigerian Stock Exchange

The bears maintained dominance on the Nigerian Stock Exchange (NSE) for the third consecutive days, with the crucial market indices dropping further by 0.11 per cent.

Specifically, the All-Share Index lost 33.37 points or 0.11 per cent to close at 31,145.34, compared with 31,178.71 recorded on Tuesday.

Also, the market capitalisation which opened at N11.626 trillion shed N12 billion to close at N11.614 trillion following prices loses.

Nestle recorded the highest price to lead the losers’ table, shedding N10 to close at N1,440 per share.

Guinness trailed with a loss of N6 to close at N65, while Air Services was down by 70k to close at N6.45 per share.

Flour Mills was down by 40k to close at N19, while FBN Holdings declined by 15k to close at N7.40 per share.

Conversely, Seplat led the gainers’ table during the day, appreciating by N15 to close at N535 per share.

Betaglass followed with a gain of N4.35 to close at N60, while Guaranty Trust Bank added 20k to close at N34 per share.

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Custodian and Allied Insurance increased by 10k to close at N6.60, while UACN advanced by 10k to close at N8.60 per share.

The banking stocks maintained leadership as the most traded with Zenith Bank emerging investors’ delight with 56.37 million shares worth N1.29 billion.

Access Bank came second having accounted for 36.19 million shares valued at N218.05 million, while Sterling Bank sold 32.29 million shares worth N75.55 million.

Diamond Bank traded 20.19 million shares valued at N46.49 million, while United Bank for Africa sold 15.97 million shares worth N116.02 million.

In all, investors staked N3.12 billion on 249.54 million shares traded in 4,018 deals.

This was against the 359.51 million shares valued at N1.91 billion transacted in 3,773 deals on Tuesday.

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