Nigerian Stock Market Investors Lose N17.26bn As Market Turnover Closes Negative

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Nigerian Stock Exchange

The Nigerian Stock Market closes bearish on Thursday 19th September 2019 as key market indices sank after yesterday’s gains.

The All-Share Index (ASI) dips by -0.13% to close at 27,646.15 basis points. Year-to-Date the ASI is currently down by -12.04%. The NSE Equity Capitalization stood at N13.46 trillion at the end of today’s tradings.

The Market Breadth closed positive with 22 gainers as against 16 losers recorded for the day. A total number of 3,450 deals were traded on the exchange floor valued at N1.67 billion.

First Bank of Nigeria led the volume and value charts. The Tier one bank ranked in N390.06 million for the day. Sterling Bank sold shares units worth N135.43 million while UBA transacted deals worth N80.98 million.

Consolidated Hallmark Insurance Plc was the best performing stock for the day. The stock was up by 10% to close at 33 Kobo. Linkage Assurance Plc appreciated by 9.80% to close at 56 Kobo. Continental Reinsurance Plc completes the top three gainers for the day. The stock gained 9.79% to close at N1.57.

On the flip side, University Press Plc was the worst-performing stock for the day. University Press declined by 8.70% to close at N1.05. Neimeth International Pharmaceuticals Plc was down by 8.33% to close at 44 Kobo.

Cutix Plc rounds up the top three losers for the day. Cutix Plc decreased by 7.97% to close at N1.42.

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