Nigerian equity investors booked N16billion loss at the sound of trading gong on Wednesday November 14 as the market failed to sustain the 0.03percent marginal gain recorded the preceding day.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) stood lower at 32,108.92 points as against preceding trading day level of 32,152.90 points.
The NSEASI was down by 43.98points or 0.13percent. The stock market’s year-to-date (YtD) returns stood further negative at 16.04percent despite that 16 stocks advanced in price as against 15 losers.
The value of listed equities –the Market Capitalisation –decreased by N16billion to N11.722billion against N11.738 trillion the preceding trading day.
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In 2,726, stock traders on Custom Street exchanged 229,264,469 units valued at N2.498billion.
The share price of Nigerian Breweries Plc appreciated most after rising from N82 to N82.5, representing 50kobo or 0.61percent increase. Also, the share price of Cement Company of Northern Nigeria Plc increased from N17.9 to N18, adding 10kobo or 0.56percent.
NEM Insurance Plc stock price rallied from N2.57 to N2.67, up 10kobo or 3.89percent; Unity Bank Plc advanced from 78kobo to 85kobo, up 7kobo or 8.97percent; while that of Honeywell Flour Mills Plc increased from N1 to N1.06, up 6kobo or 6percent.
Eterna Plc led the league of laggards after its share price declined from N5.45 to N4.95, down by 50kobo or 9.17percent; Flour Mills Nigeria Plc was also down, from N16.85 to N16.5, losing 35kobo or 2.08percent; while Zenith Bank Plc stock price declined from N24.25 to N24.05, down by 20kobo or 0.82percent.
NPF Microfinance Bank Plc declined from N1.48 to N1.36, losing 12kobo or 8.11percent, while Dangote Flour Mills Plc share price was down, from N6.1 to N6, losing 10kobo or 1.64percent.
FBN Holdings Plc, Diamond Bank Plc, Access Bank Plc, Zenith Bank Plc and GTBank Plc actively traded stocks on Wednesday at the Nigerian Stock Exchange.
