|
Getting your Trinity Audio player ready...
|
The bearish sentiments continued on the floor of the Nigerian Stock Exchange (NSE) today, following the inability of different corporate actions to encourage investors to hold on to their equities, as against selling them off to make a profit. As at the close of business, the All Share Index (ASI) closed week to date at -0.48 percent. ASI closed today (Friday) at 41,022.31 points as against 41,218.72 point last week Friday. Year to date, the indicator closed higher at 7.27 percent.
Similarly, the market capitalisation of listed stocks ended Thursday’s trading session at N14.86 trillion compared with N14.93 trillion last week Friday, representing a loss of N71.14 billion. The market capitalisation week to date closed lower at -0.48 percent and year to date at 9.19 percent.
The financial services subsector dominated trade as the shares of Guaranty Trust Bank (GTB), Zenith, Sovereign Trust Insurance, Fidelity Bank and Lasaco Assurance were the most traded Thursday.
Traders exchanged 25.93 million shares of GTB; 22.16 million shares of Zenith Bank; 19.84 million shares of Sovereign Trust Insurance, 16.85 million shares of Fidelity Bank and 10.57 million shares of Lasaco Assurance.
The top advancers are Seplat, Nestle, Okomu Oil, Presco and CCNN. Seplat gained N25 to close at N750 per share. Nestle appreciated by N10 to close at N1,580 per share. Okomu added N4.95 to close at N90 per share. Presco gained N3.60 to close at N75.6 per share while CCNN gained N1.95 to close at N29 per share.
On the contrary, Wapco, Nigerian Breweries, Total Nigeria , UACN and GTB topped the losers’ chart. Wapco shed 90 kobo to end today’s trading session at N41.1 per share. Nigerian Breweries lost 80 kobo to close at N124.5 per share. Total Nigeria and UACN shed 40 kobo each to close at N221.8 and N17 per share respectively. GTB lost 25 kobo to end the day at N44.25 per share.
Meanwhile, Studio Press has announced the appointment of Davis Onifade as a non-executive director to fill the vacancy on the board of the company. Also, Zenith Bank announced the appointments of Mukhtar Adam as the chief financial officer and his appointment has been approved by the Central bank of Nigeria (CBN). Similarly, A.G Leventis has appointed Adebola Ayobami Adebisi as the company’s secretary effective from April 3, 2018.
On the other hand, eTranzact has announced the resignation of Cecilia Akintomide from the board of the company. Also, Livestock Feeds has notified all the stakeholders that the Annual General Meeting (AGM) initially slated for Thursday 31st May 2018 has been postponed. A new date will be announced in due course. Portland Paints and Products will no longer hold its AGM scheduled for Wednesday 30 May 2018. A new date will be announced by the company.
