Hope of early stock market recovery dimmed further today as the market capitalization of the Nigeria Stock Exchange declined by N48.01 billion or 0.97 percent to close the market at N4,906.65 from N4,954.66 yesterday.

Similarly, the Nigerian bench mark All share index depreciated by 0.97 percent to close at 21,404.75 from 21,614.15 yesterday..

Market patronage in terms of Volume of shares exchanged by investors drop by 1.32 million ordinary shares or 0.35 percent when compared with the position of last trading day. In essence, an aggregate of 371.19 million ordinary shares were traded in 5,941 deals today as against a volume of 372.51 million traded in 4,972 deals in the previous transaction.

Turnover by value was on the upswing as it close at N2.62 billion; N0.82 billion or 45.56 percent rise as against N1.80 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

CAP Plc lead the top gainers list again as the stock added N1.32 or 4.96 percent to its share price to close the market at N27.91 from its opening price of N26.59. Glaxosmith Plc came second on the list, having gained N1.02 or 4.92 percent as it opened and closed the day at N20.74 and N21.76 respectively.

Table 2

Figure 1

Top 5 Price Gainers

2

On the losers’ chart, UACN Plc lead the table for the day as the company share price declined by N1.84 or 5.00 percent to close the market at N34.96 per share, from it opening price of N36.80. Followed on the Chart was Okomuoil Plc that lost N1.32 or 4.98 percent to close the day at N25.19 per share.

Table 3

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 231.03 million ordinary shares traded to control 62.24 percent of the aggregate volume of shares traded. The Commercial/Service sector, with 44.28 million ordinary shares, traded trailed behind the Banking sector which represents 11.93 percent of the total volume traded.

Figure 3

Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 51.95 million ordinary shares to controlled 22.49 percent of the aggregate volume traded in the Banking Sector and 14.00 percent of the entire market. CourtVille Plc (41.55 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Figure 4

5 Most traded Stocks by Volume

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

GRAY MARKET: An unofficial market where new issues of shares are bought and sold before they become officially available for trading on the stock exchange.