Activities on the floor of the Nigerian Stock Exchange (NSE) continued on the negative note yesterday as both market indicators depreciated in value.
Equities’ capitalisation closed lower at N8.130 trillion after it depreciated by N14 billion; while the All-Share Index fell 432.4 basis points or 0.17 per cent to close at 25,428.35 points.
NSE trading machine recorded that a total of 227.4 million shares; valued at N1.913 billion were traded in 4,725 deals.
The top five trades for the day were UTC, Unity Bank, Intercontinental Bank and Ecobank. They appreciated by 4.76, 4.55, 4.49 and 4.17 per cent.
Conversely, Longman, IBTC, PaintCom and Costain led the losers’ table when it depreciated by 5.00, 5.00, 4.97 and 4.87 per cent.
A further analysis of yesterday’s transactions showed that the banking sector buoyed by the activities in shares of Zenith Bank and Intercontinental Bank maintained its dominance in volume terms with 89.2 million shares worth N985.7 million in 514 deals.
Insurance sub-sector strengthened by the activities in the shares of Goldlink followed with a turnover of 11 million shares worth N8.8 million in 153 deals while Food/Beverage &
Tobacco sub-sector fuelled by the activities in the shares of Dangote Sugar Refinery ranked third with a turnover of 13.3 million shares valued at N203.5 million in 447 deals.
On the price movement chart, 20 stocks appreciated in price while 24 other pitched their tent on the laggard table.
On the whole, investors exchanged 227.4 million shares worth N1.9 billion in 4,725 deals.