Nigerian Stocks Exchange: It’s A Bear’s Thursday

By Ernest Omoarelojie

Investors exchanged a total of 158,365,536 shares in 3,330 deals at the end of trading at the floor of the Nigerian Stocks Exchange, NSE, on Thursday, representing a market value of N2,236,408,224.54 trades. In comparison to Wednesday’s exchange, the outcome showed a 13% decline in trade volume and 44% decline in turnover even as there was a 4% improvement in total deals culminating in a N20.44t market capitalisation.
One hundred and five Equities participated in Thursday’s exchange out of which 19 gainers and 15 losers emerged respectively.
Linkage Assurance topped the gainer’s chart with 9.09% share price appreciation closing at N0. 60 per share, followed by PZ, May & Baker and Chams with +7.14%, +5% respectively for the last two Equities.
The loser’s chart is headed by Computer Warehouse Group which posted an-end-of-year price crash of 9.6% at N1.13 per share. Next came Consolidated Hallmark Insurance, Associated Bus Company and WAPIC Insurance which posted 8.97%, – 7.5% and -6.78%respectively.
Zenith Bank notched up the highest trade share volume of 27.3 million, followed by Sterling Bank with 22.02m. United Bank for Africa and Transorp came third and fourth respectively with 21.69 million and 9.15m respectively.
Thursday’s trading saw market indices, benchmark All Share Index rising to 39.15 at 0.1% to close at 39,210.10. The development represents a 1-week gain of 1.72%, a week loss of 0.44% and an overall year-to-date loss of 2.63%.

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