Nigerian Stock Exchange Slips Further Into Red Zone

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The All Share Index of the Nigerian Stock Exchange slipped further into the red zone zone after starting the week on a negative note losing 1.07% yesterday and further compounding investors losses with a 0.64% slip today. The All Share Index lost 172 basis points to end the day at 28,351.28 basis points. Market Capitalization for the market at the close of trading today was N9.74 Trillion.

3,156 deals were struck on the floor of the exchange today, an increase from 2,614 deals recorded on yesterday; the total volume of shares traded on the floor today were 130,069,471 while the total value of transactions recorded today was N2.5 Billion.

7UP led the gainers chart today adding N1.98 to close at N184.99 followed by INTBREW and DANGCEM which added N0.3 and N0.2 close at N17 and N6.5 respectively; PORTPAINT and IKEJAHOTEL added N0.17 and N0.12 to close at N3.7 and N3.59 respectively.

The losers chart was led by GUINNESS who lost N6.74 to close with a share price of N128.24 followed by SEPLAT and NB who lost N4 and N2.55 to close with share prices of N226 and N122.46 respectively; PZ and UAC-PROP lost N1 and N0.7 lto close with share prices of N25 and N6.58 respectively.

Trade Club

The top five most actively traded shares by volume on the exchange today were FBNH with shares valued at N97 Million, GUARANTY with shares valued at N372 Million, TRANSCORP with shares valued at N65 Million, ACCESS with shares valued at N13 Million and UBA with shares valued at N26 Million.

Market breadth closed negative as 7UP led 14 Gainers against 24 Losers led by GUINNESS for the second day in a row.

Year-To-Date currently stands at -18.20%

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