NSE’s Market Capitalisation Down by N46 billion

The bears held sway at the re-opening of trading on equities of the floor of the Nigerian Stock Exchange (NSE), yesterday, occasioned by price losses suffered by most blue chip companies, as market capitalisation plunged by N46billion.

Yesterday, the market capitalisation of listed equities declined by 0.38 per cent to close at N12.021trillion down from N12.067trillion recorded on Friday.

Also the NSE All -share Index fell by 132.50 basis points to 34,873.07 points from 35,005.57 recorded previously.

Investors traded 162.737 million shares valued at N1.537billion in 3225 deals against 160.139 million shares worth N2.955billion, which exchanged hands on Friday in 3367 deals.

On the price movement chat, Neimeth Nigeria Plc topped the losers down by 8.57 per cent to close at N0.64 per share, while Seplat followed with 5.00 per cent o close at N456.76 per share.

Oando lost 4.96 per cent to close at N5.75 per share. Cutix depreciated by 4.76 per cent to close at N2.60 per share. TransNational Corporation lost 4.51 per cent to close at N1.27 per share.

Jaiz Bank dropped 4.29 per cent to close at N0.67 per share. Presco lost 4.12 per cent to close at N58.00 per share. First City Monument Bank shed 3.77 per cent to close at N1.02 per share.

Nigerian Aviation Handling Company went down 3.23 per cent to close at N3.0 per share. WAPCO depreciated by1.94 per cent to close at N49.00 per share.
May & Baker shed 1.87 per cent to close at N2.63 per share. Access Bank also dropped 1.72 per cent to close at N9.72 per share.

On the other hand, Air Service emerged the day’s highest price gainer with 4.92 per cent to close at N6.82 per share, while Cadbury followed with 4.66 per cent to close at N11.00 per share. C&I Leasing gained 4.20 per cent to close at N1.24 per share.

Guaranty Trust Bank garnered 2.70 per cent to close at N38.00 per share. NEM appreciated by 2.52 per cent to close at N1.22 per share. Fidson added 1.97 per cent to close at N3.10 per share. Skye Bank gained 1.92 per cent to close at N0.53 per share.

Sterling Bank appreciated by 0.98 per cent to close at N1.03 per share. African Prudential also added 0.63 per cent to close at N3.21 per share. Dangote Sugar also gained 0.51 per cent to close at N13.72 per share.

Further analysis of yesterday’s transactions indicated that Access Bank was the most active stock for the day, trading 35.389 million shares worth N354.241 million, Meyer Paint followed with account of 18.908 million shares cost N13.236 million.

Fidelity Bank traded 18.605 million share valued at N23.987 billion, FBNHoldings exchanged 13.755 million shares at N75.736 million, while FCMB group traded 12.623 million shares worth N13.217 million.

By Helen Oji

The Guardian Newspaper September 19th, 2017

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