Investors Lose N276.73bn as NSE’s Year-to-Date Losses Hit 20.53%

The Nigerian equities market opens on a negative note for the week as sale pressure hits the local bourse market. The NSE All-Share Index dips by -2.43% to close at 21,330.79 basis points on Monday 30th March 2020. The NSEASI Year-to-Date currently stands at -20.53%.

The NSE Market Capitalization shed N276.73bn to close at N11.12 trillion. The Market Breadth closed in the red region as fifteen Bluechips companies record losses while eleven stocks appreciated for the day.

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Berger Paints Plc was the best-performing stock for the day. The Industrial group firm advanced by 9.84% to close at N6.70. 11 Plc formerly known as Mobil Oil Plc appreciated by 9.83% to close at N160.90.

Cadbury Nigeria Plc completed the top three gainers for the day. The consumer goods firm shares went up by 9.68% to close at N6.80.

On the flip side, MTN Nigeria Communications Plc was the worst-performing stock for the day. The ICT firm declined by 10% to close at N90. Wema Bank Plc depreciated by 9.62% to close at 47 Kobo.

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International Breweries Plc completed the top three losers chart for the day. The group shed 9.26% to close at N4.90. A total number of 3,659 deals were traded on the floor of the exchange market valued at N1.93billion.

Zenith Bank Plc was investors’ favorite stock and toast for the day as the lender traded heavily. The lender ranked in N574.35 million from 48.94 million shares volume traded for the day.

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United Bank for Africa (UBA) transacted 19.17 million shares units valued at N98.79 million. Meyer Paints Plc completed the top three traded stocks by value table. Meyer Paints traded 200.99 million shares units for the day.

 

 

 

Author: FMN

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