Investors Lose N27.59bn As Sell Pressure Hits Nigerian Stock Market

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Nigerian Stock Exchange

Nigerian Stock Market investors lost a whopping N27.59 billion on Monday 9th September 2019. The NSE All-Share Index dips by 0.21% to close at 27,089.84 basis points. Year-to-Date the NSE ASI is down by 13.81 %.

The Equity Capitalization closed at N13.17 trillion at the end of today’s tradings. A total of 2,900 deals was traded on the floor of the exchange market worth N4.29 billion.

The Market Breadth closed positive with 15 gainers amid 14 losers. UACN was the best stock for the day while Livestock Feed was the worst performed stock for the day.

Guaranty Trust Bank led the volume and value activities chart. The stock traded 128.49 million shares units worth N3.38 billion. First Bank of Nigeria transacted deals worth N183.53 million from 41.84 million shares units.

Transnational Corporation of Nigeria closes the top traded stock for the day. The bourse ranked in N32.89 million from 32.85 million shares units sold.

United Africa Company of Nigeria (UACN) was the best performing stock for the day. The stock was up by 9.09% to close at N6.60. UACN Property Development Company Plc (UPDC) also appreciated by 9.09% to close at N1.10.

John Holt Plc completes the top three gainers for the day. The stock gained 8.93% to close at 61 Kobo.

On the negative side, Livestock Plc led the losers’ chart for the day. The stock was down by 7.14% to close at 39 Kobo. LASACO Assurance Plc shed 6.90% to close at 27 kobo.

Cutix rounds up the top three losers stocks for the day. The stock depreciated by 6.67% to close at N1.40.

 

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