Stock Market: 40 Stocks Record Price Losses
The equities segment of the Nigerian Stock Exchange (NSE), yesterday, ended on a negative note as 40 equities recorded losses, compared to seven gainers.
The market capitalisation, which opened at N10.952 trillion, decreased by N73 billion to close at N10.873 trillion.
Also, the All-Share Index declined by 243.37 points or 0.72 per cent to close at 32,932.41 from the 33,175.78 achieved on Monday.
According to analysts from the APT Securities and Funds Limited, the local bourse continues on negative sentiments across the market albeit improved transaction levels.
“We expect investors to remain cautious and in the south with high propensity for profiteering. The market remains largely undervalued and portends good benefits for medium to long term investors on attractive valuations,” they said.
Nestle led the gainers’ chart by N18.01 to close at N818.01 per share. PZ Cussons gained N3.04 to close at N33.03 while Portland Paints grew by 21 kobo to close at N5 per share. ETI appreciated by 10 kobo to close at N18.1 while Skye Bank went up by 5 kobo to close at N2.55 per share.
On the other hand, Seplat recorded the highest price loss of N18.94 to close at N359.91 per share. Total trailed with a loss of N2.50 to close at N155 while Cadbury dipped by N2.22 to close at N43.01 per share. Guinness lost N2 to close at N143 while Okomu Oil depreciated by N1.40 kobo to close at N26.70 per share.
Guaranty Trust Bank emerged as the investors’ delight, accounting for 93 million shares worth N2.2 billion. The FBN Holdings exchanged 21.32 million shares valued at N190.17 million while MTI sold 20.98 million shares worth N10.5 million.
In all, investors exchanged a total of 354.21 million shares worth N4.5 billion in 4,482 deals.
The market capitalisation, which opened at N10.952 trillion, decreased by N73 billion to close at N10.873 trillion.
Also, the All-Share Index declined by 243.37 points or 0.72 per cent to close at 32,932.41 from the 33,175.78 achieved on Monday.
According to analysts from the APT Securities and Funds Limited, the local bourse continues on negative sentiments across the market albeit improved transaction levels.
“We expect investors to remain cautious and in the south with high propensity for profiteering. The market remains largely undervalued and portends good benefits for medium to long term investors on attractive valuations,” they said.
Nestle led the gainers’ chart by N18.01 to close at N818.01 per share. PZ Cussons gained N3.04 to close at N33.03 while Portland Paints grew by 21 kobo to close at N5 per share. ETI appreciated by 10 kobo to close at N18.1 while Skye Bank went up by 5 kobo to close at N2.55 per share.
On the other hand, Seplat recorded the highest price loss of N18.94 to close at N359.91 per share. Total trailed with a loss of N2.50 to close at N155 while Cadbury dipped by N2.22 to close at N43.01 per share. Guinness lost N2 to close at N143 while Okomu Oil depreciated by N1.40 kobo to close at N26.70 per share.
Guaranty Trust Bank emerged as the investors’ delight, accounting for 93 million shares worth N2.2 billion. The FBN Holdings exchanged 21.32 million shares valued at N190.17 million while MTI sold 20.98 million shares worth N10.5 million.
In all, investors exchanged a total of 354.21 million shares worth N4.5 billion in 4,482 deals.
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