Oando Plc, Diamond Bank Plc and Transnational
Corporation of Nigeria Plc on Thursday emerged as the top three losers at the
close of trading on the floor of the Nigerian Stock Exchange.
The market posted a loss of N77bn, with a total
of 34 losers.
The NSE market capitalisation slid to N9.615tn
from N9.692tn, while the All-Share Index closed at 27,997.29 basis points from
28,221.18 basis points.
On the aggregate, 227.134
million shares worth N1.801bn were transacted in 3,426 deals.
The highest index point
attained in the course of trading was 28,806.45 basis points, while the lowest
and average index points were 27,997.29 and 28,449.28 basis points,
respectively.
Oando shares depreciated
by N0.47 (8.92 per cent) to close at N4.92 from N5.39, while those of Diamond
Bank lost N0.15 (8.62 per cent) to close at N1.59 from N1.74.
The share price of Transcorp
plunged by N0.12 (8.51 per cent) to close at N1.29 from N1.41.
Honeywell Flour Mill Plc
and Cadbury Nigeria Plc also recorded losses as the share price of the former
closed at N1.38 from N1.50, losing N0.12 (eight per cent), while the latter
recorded a loss of N0.89 (5.53 per cent) to close at N15.20 from N16.09.
Other losers include
Stanbic IBTC Holdings Plc, Fidson Healthcare Plc, Learn Africa Plc, Champion
Breweries Plc, Dangote Sugar Refinery Plc, Ecobank Transnational Incorporated
and Academy Press Plc.
The list also include
Livestock Feeds plc, NPF Microfinance Bank Plc, Unity Bank Plc, Aiico Insurance
Plc, UAN Property Development Company Plc, Guaranty Trusts Bank Plc, Access
Bank Plc, Johnholt Nigeria Plc, Fidelity Bank Plc, Africa Prudential Registrars
Plc and FBN Holdings Plc.
UACN Plc, Nestle Nigeria Plc, Eterna Plc,
Flour Mills Nigeria Plc, Guinness Nigeria Plc, FCMB Group Plc, AxaMansard
Insurance Plc, Vitafoam Nigeria Plc and Lafarge Africa Plc also recorded losses
of various degrees on their share prices.
Only six firm recorded
appreciation in their share prices. Skye Bank Plc, Wema Bank Plc, AG Leventis
Nigeria Plc, CAP Plc and Tiger Branded Consumer Goods Plc were the top five
gainers.
The share price of Skye
Bank soared by N0.07 (8.97 per cent) to close at N0.85 from N0.78, while that
of Wema Bank closed at N0.78 from N0.73, recording a gain of N0.05 (6.85 per
cent).
AG Leventis shares gained
N0.04 (4.30 per cent) to close at N0.97 from N0.93, while those of CAP closed
at N36 from N35, gaining N1 (2.86 per cent).
Tigerbrands shares also
appreciated by N0.08 (2.08 per cent) to close at N3.93 from N3.85, while the
shares of Nigerian Breweries Plc fell in value.
Commenting on the market
performance, analysts at Vetiva Capital Management Limited, said the Nigerian
equity market extended its negative run fuelled by sustained losses among key
sectors, with the financial services sector completing a seven-session decline.
On the global
scene, Asian markets were mostly up after the Bank of Japan hinted at the
introduction of stimulus packages worth $188bn, exceeding expectations of about
$94bn. The United States stocks rallied as investors continue to cheer a slew
of upbeat earnings releases. However, European markets traded lower following
the decision of the European Central Bank to keep interest rate at zero per
cent.
The financial services
(-256bps) and oil and gas (-92bps) sectors weighed most on the NSE ASI following
significant losses in the share of Diamond Bank, Stanbic IBTC, GTB and Oando.
Industrial goods (-32bps)
and consumer goods (-24bps) sectors also closed in the negative on the back of
declines in WAPCO (Lafarge), Honeywell Flour Mills, Dangote Sugar and Guinness.
Skye Bank topped the
volume chart, trading 54 million unit, while WAPCO topped the value chart,
trading eight million units worth N479m.
The NSE ASI and NSE
30 lost 79bps and 107bps, putting year-to-date returns at -2.25 per cent and
-4.02 per cent, respectively.
“We see the market
completing an all week loss at week close amidst sustained bearish sentiment
for bellwether stocks,” the analysts said.
..punch
No comments:
Post a Comment