The bears regained position at the Nigerian Stock Exchange (NSE) yesterday causing the stock market to lose N34billion in value.
The NSE All Share Index (ASI) declined by 0.25% from a high of 41,171.16 points to 41,068.93 points; while the market capitalisation declined from N13.594trillion to N13.560.
In 5,162 deals, equity dealers exchanged 317,766,544 units of listed companies shares valued at N4.193bn.
Seplat Petroleum Development plc led the table of gainers after its share price rose by N9, from N661 to N670; while Conoil plc followed after adding N2.96, from N59.27 to N62.23.
Also included on the gainers’ table is MRS Oil Nigeria plc which garnered N2.83, from a low of N56.61 to N59.44.
Oando plc rallied from N25 to N27.56, adding N2.56; while Ashaka Cement plc rose from N27.51 to N28.88, after gaining N1.37.
The stock market recorded 32 gainers and 26 losers. On the losers chart, Nestle Nigeria plc led others after its share price dropped by N20, from N1,070 to N1,050; followed by Nigerian Breweries plc which lost N2, from a high of N167 to N165 at the close of deals.
Dangote Cement plc also lost after its share price declined from N227.01 to N226.20, down by N0.81; while Zenith Bank plc dipped by N0.80, from N24.80 to N24. In addition to the top losers, Champion Breweries plc dropped from N11.85 to N11.26, after losing N0.59.
Actively traded stocks at the bourse include: Transcorp plc, FCMB Group plc, Access Bank plc, Oando plc, and GTBank plc.
Equity dealers exchanged 47,950,796 units of Transcorp plc valued at N220.340million; 32,932,588 units of FCMB Group plc valued at N139.342million.
Also traded were 24,251,107 units of Access Bank plc worth N236.092m; 23,306,222 units of Oando plc worth N642.115m; and 22,967,751 units of GTBank plc valued at N667.623m.
