Negative performance drags index by 0.3 pct
The negative performance of the Nigerian Stock Exchange, NSE on Monday dragged the NSE All Share Index (ASI) by 0.3% to close at 37,266.86 points while Year to Date, YtD loss worsened to 2.6%.
The depreciation recorded in the share prices of some highly capitalised companies such as GT Bank, Zenith Bank, Access Bank, UBA, Oando and Forte Oil were mainly responsible for the loss recorded in the Index.
Similarly, the market capitalisation depreciated by 0.34 percent as investors lost ₦45.6 billion to close at ₦13.50trillion, compared with the appreciation of 0.45% recorded last Friday.
The sell offs witnessed in Oando Plc were largely driven by the alleged fine of US$680.0million levied on management of the company.
However, activity level was mixed as volume traded rose 43.0 percent to 303.5 million units while value traded decreased 37.0 percent to ₦2.0 billion. The most traded stocks by volume were Med-View Airline (100.0 million), First Bank Nigeria Holding (42.9 million) and Transnational Corporation of Nigeria (40.6 million) while First Bank Nigeria Holding (N445.8 million), Zenith Bank (N398.5 million) and Med-View Airline (N198.4 million) were the top traded stocks by value.
A review of price gainers showed that Flour Mills Nigeria Plc led the gainers’ table during the day, gaining 90kobo to close at ₦29.90 per share. UACN followed with a gain of 70 kobo to close at ₦14.00, while NAHCO gained 37 kobo to close at ₦4.08 per share. Ecobank Transnational increased by 35 kobo to close at ₦20.75 per share, while Trancorp added 3 kobo to close at ₦1.26 per share.
Conversely, CAP recorded the highest loss to lead the laggards’ table, shedding ₦2.50 to close at ₦34.50 per share.
Forte Oil and PZ Industries trailed with a loss of ₦1.90 each to close at ₦27 and ₦17.10 per share, respectively.
UPDC REIT lost N.00 to close at N9.00, while Custodian and Allied Insurance declined by 61kobo to close at N5.51 per share.
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