Equities Market In Turmoil As Investors Actively Dump Shares

The downward plunge of the Nigerian Stock Exchange continued today as investors continued to actively dump shares, leading to a 0.89% loss compared to a 1.10% loss recorded yesterday. The ASI lost 224 basis points to end the day at 27,596.81 basis points, while Market Capitalization for the market at the close of trading today was N9.48 Trillion.

A total of 3,011 2,663 deals were struck today, an increase from 2,663 deals recorded yesterday, while the total volume of shares traded on the floor today were 176,386,512 and the total value of transactions recorded today was N3 Billion.

NESTLE the gainers chart today adding N1 to close at N808 followed by NB and UNILEVER which added N0.72 and N0.64 close at N115.72 and N37.02 respectively; PRESCO and NAHCO added N0.50 and N0.18 to close at N31 and N3.82 respectively.

The losers chart was led by DANGCEM who lost N4 to close with a share price of N158 followed by WAPCO and CAP who lost N0.5 and N0.5 to close with share prices of N89 and N38 respectively; CCNN and OANDO lost N0.4 and N0.32 to close with share prices of N7.61 and N5.87 respectively.

The top five most actively traded shares by volume on the exchange today were GUARANTY with shares valued at N533 Million, ZENITHBNK with shares valued at N379 Million, UBA with shares valued at N57 Million, FBNH with shares valued at N76 Million and TRANSCORP with shares valued at N20 Million.

Market breadth closed negative as NESTLE led 13 Gainers against 22 Losers led by DANGCEM.

Year-To-Date currently stands at -20.37%.