The Nigerian stock market recorded further decline by 0.28 percent after yesterday’s trading despite increasing releases of half-year (H1) financials by companies at the Nigerian Stock Exchange (NSE).
The NSE All Share Index (ASI) closed lower at 42,544.33 points against the preceding trading day’s 42,664.95 points. Likewise, market capitalisation of equities listed on the main board dropped to N14.048trn against preceding day’s N14.088trn. The decline impacted negatively on
the stock market year-to date (YtD) return which stood at 2.94 percent.
In 4,766 deals, equity dealers exchanged 273,484,128 units valued at N3.076bn.
Volume traded yesterday decreased by 36.42 percent from 430.136m the preceding day, while the total value of stock traded decreased by 23.45
percent from N4.019bn the preceding trading day. Chemical and Allied Products plc led the 29 gainers after its share price rose by N0.9, from N40.1 to N41; while Cement Company of Northern Nigeria plc rose from N12.64 to N13.27, adding N0.63.
Also on the top gainers chart, Guinness Nigeria plc rose from N197.5 to N198, adding N0.5; UAC of Nigeria plc appreciated from N62 to N62.4, adding N0.4; while Stanbic IBTC Holdings plc rose from N27.13 to N27.5, after adding N0.37.
Total Nigeria plc recorded the highest value decline after its share price dropped from N195.5 to N185.73, down by N9.77; Mobil Oil Nigeria plc declined from N178.84 to N169.9, losing N8.94; Nestle Nigeria plc dropped from N1125 to N1120, down by N5; while Lafarge Cement WAPCO
plc declined from N120 to N117.27, down by N2.73.
The Financial Services sector led the activity chart with 122.701m shares exchanged for N961m; Conglomerates followed with 74.569m shares traded for N499m.
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