Market Watch: Investors stake N6.66bn on 376.202m shares


Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N6.66 billion on 376.202 million shares in 4,230 deals.

The volume of transactions represented a 6.21 per cent increase over the 354.204 million shares worth N7.59 billion traded in 4,482 deals on Tuesday.

FBN Holdings emerged the most traded equity, accounting for 99.29 million shares valued at N871.24 million.

GTBank came second on the activity table, with 73.26 million shares worth N1.75 billion, while ETI accounted for 32.97 million shares valued N591.02 million.

Zenith Bank traded 16.89 million shares worth N310.76 million, while Transcorp exchanged a total of 16.82 million shares valued at N57.73 million.

However, the NSE All-Share Index decreased by 728.79 points or 2.21 per cent, to close at 32,203.62, as against the 32,932.41 achieved on Tuesday.

Similarly, the market capitalisation declined by N241 billion or 2.21 per cent, to close at N10.631 trillion, from the N10.872 trillion posted on Monday.

Seplat led the losers’ chart by N17.99, to close at N34.92 per share.

Nigerian Breweries trailed with a loss of N8.49 to close at N161.31, while Mobil dropped N8 to close at N159 per share.

Guinness depreciated by N7.15 to close at N135.85 and Dangote Cement dipped N6.5 to close at N163.5 per share.

Conversely, Stanbic IBTC recorded the highest price gain of 69k, to close at N29.69 per share.

It was followed by 7UP, which gained 6k to close at N152, while Oando Oil appreciated by 29k to close at N18.5 per share.

NAHCO rose by 22k to close at N4.67, while FBN Holdings increased by 12k to close at N9 per share.


Source : BusinessDay

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