Nigeria’s stock market continued its movement on the loss path, shedding N42billion at the sound of closing gong on Thursday March 7, 2019.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased by 0.35percent at the close of trading on Thursday March 7, 2019 while the Year-to-Date (ytd) return stood at 1.84percent.
The All Share Index closed at 32,010.06 points as against the preceding day close of 32,121.74points while Market Capitalisation stood lower at N11.937trillion as against preceding day close of N11.979 trillion, losing N42billion.
Mobil Oil Plc recorded the highest decline from N180to N170, down by N10 or 5.56percent. Dangote Cement decreased from N196.5 to N195, losing N1.5 or 0.76percent; PZ Cussons Nigeria Plc decreased from N12.1 to N11.1, losing N1 or 8.26percent.
Stanbic IBTC Holdings Plc share price rallied most, from N46.6 to N48, adding N1.4 or 3percent. Cadbury Nigeria Plc gained 80kobo or 7.84percent, from N10.2 to N11; while Dangote Flourmills Plc rallied from N10.9 to N11.35, 45kobo or 4.13percent.
The volume of stocks traded increased by 11percent, from 197.2million to 218.9million, while the total value of stocks traded increased by 1.90percent, from N2.68billion to N2.73billion in 3,519 deals. Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc, GTBank Plc and UBA Plc were actively traded stocks.
The financial services sector led the activity chart with 190.3million shares exchanged for N2.44billion; while Consumer Goods followed with 12.4million shares traded for N175million.
IHEANYI NWACHUKWU
