Domestic equity closes lower, sheds N337bn
The nation’s equity market on Wednesday close southward declining by N337 billion.
Market capitalisation of listed equities went down by 0.57 per cent to N58.514 trillion from N58.851 trillion recorded the previous day.
The NGX All Share Index also depreciated by 556.37 basis points to 96567.24 points from 97123.61 points recorded on Tuesday.
At the end of the trading on Wednesday year to date return declined to 29.15 per cent as 20 companies recorded positive movement against 21 firms that close in red.
An analysis of the Investment showed that Eunisell led gainers table with 9.87 per cent to close at N7.46 per unit, Regal Insurance followed with of 9.30 per cent to close at N0.47 per unit, Veritas Kapital added 9.17 per cent to close at N1.31 per unit, Daar Communications gained N8.93 per cent to close at N9.75 per share.
On the contrary, United Bank for Africa recorded highest loss, shedding 9.99 per cent to close at N31.55 per unit, Oando Plc trailed with 9.98 per cent to close at N65.40 per unit, Thomas Way down by 9.79 per cent to close at N1.75 per share, Nascon down by 7.83 per cent to close at N30.00 per unit, Lasaco Insurance fell by 7.50 per cent to close at N2.20 per share.
Volume of trades declined by 3.185 billion , representing 88.39 per cent as investors traded 418.386 million shares valued at N10.041 billion in 9021 deals against 3.603 billion shares worth N25.569 billion exchanged hands the previous day in 10679.
Transactions in the shares of Sterling Bank led market activities with 79.645 million shares valued at N401.923 million, UBA followed with account of 78.932 million shares worth N2.569 billion, Access Holdings traded 44.398 million shares valued at N1.061 billion, Jaiz Bank traded 43.634 million shares worth N98.914 million while Veritas Kapital traded 25.270 million shares cost N32.472 million.
