Tuesday at the Stock Exchange: Bears Still In Charge
For the second time in as many days of this week, Bears continued their hold as trading ended on Tuesday on the floor of the Nigerian Stocks Exchange. With All Share Index looking down by 2.56% to close at 37,658.26 points, investors were forced to swallow the bitter pills as they lost N516bn while exchanging 229,009,903 shares in 3,678 deals with a market value of N2,730,080,185.54.
Compared with Monday’s trading, today’s data shows a 40% improvement in volume, 3% improvement in deals but a 21% dip in turnover with market capitalization standing at NGN 19.63 trillion.
100 NSE listed equities participated in Tuesday’s trading out of which 28 of them ended on the gainers chart while 13 came out as losers.
Linkage Assurance came tops on the gainers side, with 10% share price appreciation to close at N 0.77 per share, followed by Ikeja Hotel with +10%.
Cadbury Nigeria and Honeywell Flour Mill came next with +9.62% and +9.46% respectively.
Conversely, Jaiz Bank came heading the loser’s chart with a 5.17% at NGN 0.55 per share, end-of-day price depreciation of 5.17%, followed in the distance by Veritas Kapital Assurance with -4%.
Unity Bank and PZ Cussons Nigeria followed with -3.64% and -3.42% respectively. However, the FCMB Group recorded the highest volume of 40.7 million traded shares, with Custodian & Allied coming at a distant 15.81m. Guaranty Trust Holding and Zenith Bank came next with 13.43m and 11.15m respectively.