NSE: Trading reverses to bearish trend, indicators drop by 0.02%

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Transactions on the Nigerian Stock Exchange (NSE) on Wednesday assumed a downward trend with the All-Share Index dropping by 0.02 per cent.

The News Agency of Nigeria (NAN) reports that the index shed 5.88 points or 0.02 per cent on Wednesday to close at 32,375.12 against 32,381.00 on Tuesday.

Also, the market capitalisation shed N2 billion or 0.02 per cent to close at N11.819 trillion in contrast with N11.821 trillion on Tuesday.

An analysis of the price movement chart indicated that the prices of13 stocks depreciated, while 24 stocks appreciated.

International Breweries led the losers’ table with a loss of N2 to close at N30 per share.

PZ Cussons trailed with a loss of N1 to close at N12.5, while FBN Holdings decreased by 25k to close at N8.5 per share.

Mansard Insurance was down by 22k to close at N2.06, while UBA dipped by 2k to close at N7.5 per share.

On the other hand, CCNN led the gainers’ table with N2.2 to close at N24.8 per share.

Forte Oil followed with N2 to close at N22, and Stanbic IBT appreciated by 4k to closed at N43 per share.

UBN added 35k to close at N5.8, while Guaranty Trust Bank was up by 3k, closing at N34 per share.

Redstarex emerged the investor’s delight, trading 60.33 million shares worth N298.31 million.

Zenith Bank followed with 24.17 million shares valued at N500.25 million, while Oando Oil traded 22.11 million shares worth N112.61 million.

Transcorp exchanged 9.89 million shares valued at N12.22 million, while Fidelity Bank sold 6.28 million shares worth N10.41 million.

In all, investors bought and sold 190.35 million shares valued at N1.77 billion in 2,780 deals, representing a decrease of 29.45 per cent.

This was in contrast with a total of 296.814 million shares worth N2.65 billion achieved in 4,70 deals. (NAN)

– Sept. 19, 2018 @ 17:45 GMT |

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