Amid renewed sell pressure on the Nigerian Stock Exchange (NSE), the value of listed stocks (market capitalisation) decreased on Thursday by about N91billion to N18.102billion, from preceding day high of N18.193trillion.
Week-to-date (WtD) the market has decreased by -1.12 percent. The All Share Index (ASI) –the benchmark performance indicator of the Nigerian Stock Exchange (NSE) –decreased by +0.50 percent, from preceding day high of 34,818.01 points to 34,643.65 points at the close of trading session. The market’s positive return year-to-date (YtD) stood lower at +29.06percent.
Stocks that were mostly offered for sale include Presco Plc which dropped most, from N79.75 to N71.8, losing N7.95 or 9.97 percent. Stanbic IBTC Plc followed after dipping from
N44.85 to N43, down by N1.85 or 4.12percent. GTBank Plc stock price went down from N37 to N35.8, losing N1.2 or 3.24 percent.
Dangote Sugar Refinery Plc dropped from a high of N22.25to N21.2, losing N1.05 or 4.72 percent. Zenith Bank Plc decreased from N26.7 to N26.05, losing 65kobo or 2.43 percent.
In 6,340 deals, investors exchanged 364,920,387 units valued at N3.501billion. Transcorp Plc, FBN Holdings Plc, Access Bank Plc, UBA Plc and Fidelity Bank Plc were actively traded stocks on the Nigerian Bourse.
