NSE equity market sheds 0.44%

The Nigerian Stock Exchange equities capitalization as well as the NSE All Share Index have depreciated by 0.43 percent on Wednesday.

The equities capitalization closed at 12,909 trillion Naira, falling by 57 billion Naira or 0.43 per cent when compared to Tuesday’s closing of 12,966 trillion Naira.

On the other hand, the All Share Index fell by 157.27 basis points or 0.43 per cent when it closed at 35,358.94 basis points as against previous closing of 35,516.21 basis points.

On Wednesday, the NSE traded 345 million shares at the value of 227 billion Naira in 3,261.00 deals. When compared to Tuesday’s trades of a total of 339.68 million shares valued at N5.50 billion in 3,394 deals.

The top three trades stock are;

N.E.M INSURANCE CO (NIG) PLC was the top traded stock with 180 million shares when measured by volume at the value of N540 million Naira.

Trailed by UNITED BANK FOR AFRICA PLC which traded 27 million shares worth N221 million Naira.

Then TRANSCORP HOTELS PLC followed with 22 million shares at the value of N27 million Naira.

GAINERS AND LOSERS

A total of eighteen (18) stocks appreciated on Wednesday while twenty-seven 27 depreciated.

The top three gainers are;

PORTLAND PAINTS & PRODUCTS NIGERIA PLCtopped the gainers’ table with an opening price of N2.71 kobo per share and a closing price of N2.98 kobo per share, gaining 0.27 kobo or 9.96 per cent.

Followed by REGENCY ALLIANCE INSURANCE COMPANY PLC which opened for transaction at 0.21kobo per share and closed at 0.23 kobo per share, gaining 0.02 kobo or 9.52 per cent. While SKYE BANK PLC opened at 0.52 kobo per share and closed at 0.56 kobo per share, appreciating by 0.04 kobo or 7.69per cent.

On the other hand, the top three losers are;

LIVESTOCK FEEDS PLC with an opening price of 0.60 kobo per share, to close at 0.54 kobo per share, falling by 0.06 kobo or 10.00 per cent.

Then STANDARD ALLIANCE INSURANCE PLC.followed with an opening price of 0.42 kobo per share and a closing price of 0.38 kobo per share, lossing 0.04 kobo or 9.52 per cent. While LASACO ASSURANCE PLC.fell by 0.03 kobo or 9.09per cent after opening and closing at 0.33 kobo per share and 0.30 kobo per share respectively.

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