Equities market declines 0.04%

Agency Report

Transactions on the floor of Nigerian Exchange on Wednesday sustained negative trajectory, shedding N34 billion.

Market capitalization of listed equities declined by 0.04 per cent to N93.624 trillion from N93.658 trillion reported the previous day.

The NGX All Share Index also declined by 78.28 basis points to N146862.01 points from 146940.29 points it closed on Tuesday.

Although the market breath was positive with 28 gainers against 23 decliners, losses recorded during the day outweigh gainers, bringing year to date return to 42.71 per cent .

Volume of trades declined by 1.226 billion, representing 62.13 per cent as investors traded 747.086 million shares against 1.973 billion reported the previous day. Value of transactions also went down by 58.89 per cent to settle at N12.425 billion in 19161 deals.

A review of trading on Wednesday showed that Japaul Gold led gainers table with 10 per cent to close at N2.53 per unit, Prestige insurance followed with a gain of 9.40 per cent to close at N1.63 per share, Mecure gained 7.72 per cent to close at N34.90 per unit, TIP grew by 7.30 per cent to close at N12.50 per share, Conhall Plc added 6.97 per cent to close at N4.30 per unit.

On the contrary, Chams Plc topped losers’ chart, dropping by 10 per cent to close at N3.06 per share, HMCall trailed with a loss of 8.88 per cent to close at N4.00 per share, UACN down by 8.18 per cent to close at N80.80 per share, SUNU Assurance fell by 6.98 per cent to close atN4.39 per unit.

Trading in the shares of Cutix Plc led market activities with 122.914 million valued at N369.083 million, FCMB followed with account of 80.668 million shares worth N879.252 million, Conhall traded 71.175 million shares worth N286.398 million, Fidelity Bank exchanged 63.839 million shares cost N1.212 billion, Tantalizer sold a total of 57.836 million shares cost N136.451 million.