Profit taking moderates market Indices 

Read Time:2 Minute, 23 Second
Profit taking moderates market Indices 
Want create site? Find Free WordPress Themes and plugins.

Nigerian stocks ended Wednesday’s trading session on a slightly bearish note as benchmark indices nosedived by 0.10 percent to extend the bearish trend due to continuous profit-taking.

The All Share Index dropped to 42,000.01 against the 42,043.79 as the Nigerian bourse closed yesterday – this shows the total market share value dipped by 43.78 basis point. The market capitalisation of N21.97 trillion.

The number of deals traded for the day declined as well, as traded by the stock market investors was placed 5,887, way below the 7,110 deals investors traded at Tuesday’s market.

Volume of shares also nosedived, showing the dampening mood of investors at the Wednesday trading. Data from NSE disclosed that the volume of shares traded was 504.83 million, falling short of the 556.02 million shares that passed among investors during the previous day’s trade.

According to data obtained from NSE, Ardova led the gainers’ chart in price change, rising by N0.85kobo to N18 from N17.15kobo at the end of trading for the day.

Zenith Bank followed with N16.95 kobo following a gain of N0.65 kobo after opening trade at N26.3kobo. Eternal was third on the gainers’ list with a gain of N0.4kobo to end trading at N5.6kobo from N5.2kobo. Unilever came next after closing the market with N14.6kobo, rising by N0.4kobo from the opening price of N14.2kobo per share.

NCR completed the top five with N3.43kobo per share, after gaining N0.31kobo to move from N3.12kobo.

Meanwhile, on the Losers table, Flour Mill led the way after shielding N1 from the N33 it opened with, to close the market with N32 per share.

GTBank also made the list after its share price dropped to N33.05 from N33.75kobo, following a lose of N0.7kobo in its share price. Wapco lost N0.45kobo to secure the third spot on the losers’ table. The company closed themarket with N27.55kobo, below the N28 per share it opened with. Champion Brew’s share price declined to N3.39kobo per share from N3.76kobo after shielding N0.37kobo at the close of market. Ecobank also joined the losers’ table as its share price lost N0.3kobo to end trading with N5.9kobo after opening the market with N6.2kobo per share.

However, Union Bank of Nigeria emerged most patronized stocks as investors traded 75.55 million shares at a value of N434.42 million.

GTBank was the second most traded at over 60.66 million shares worth N2.01 billion, while FCMB was next with 50.40 million shares at the cost of N173.54 million.

Trancorp traded 44.35 million shares at a value of N45.91 million and Zenith Bank traded 31.50 million shares worth N831.98 million.

Did you find apk for android? You can find new Free Android Games and apps.
0 0

Leave a Reply

Your email address will not be published. Required fields are marked *