Nigerian Stock Market: Investors Lose N140.86bn
LAGOS MAY 16TH (NEWSRANGERS)-The Nigerian Stock Exchange (NSE) opens the week tradings’ on a bearish note. At the moment, All Share-Index (ASI) declined by 1.26% to close at 28,484.44 basis points. Year-to-Date the ASI was down by 9.37%.
In reference to the equity market, The capitalization closed at N10.701 trillion in contrast to N10.842 trillion recorded last week Friday. The market breadth closed with 11 gainers & 30 losers.
With those leading, we can see Okomu Oil as the the gainers’ chart while NEM Insurance Plc led the top losers’ chart.
Its is noted that the United Capital Plc was the most traded stock by volume. As the stock sold 41.2 million units of its shares valued at N289.1 million.
In reference to Guaranty Trust Bank, which was the most traded stock by volume. The company sold 37.9 million shares valued at N1.1 billion.
In reference to the UBA Units, UBA sold 15.9 million units worth N96.8 million. Sterling Bank transacted 13 million units valued at N34.4 million. Transnational corporations of Nigeria ranked in 12.2 million units valued at N14.2 million.
In Accordance to the best performing stock, Okomu Oil Palm Company Plc was the best-performed stock for the day. The stock appreciated by 10% to close at N77. Neimeth International Pharmaceuticals plc also appreciated by 10% to close at 55 Kobo.
AG Leventis Nigeria Plc was up by 8.33% to close at 26 Kobo. Africa Prudential Plc appreciated by 7.91% to close at N3.82. Japaul Oil completes the top five gainers for the day. The stock increased by 7.69% to close at 28 Kobo.
NEM Insurance Plc was the worst performed stock for the day. The stock shed 10% to close at N2.25. Chams Plc also depreciated by 10% to close at 36 Kobo. United Capital Plc was down by 9.37% to close at N2.32.
Goldlink Insurance Plc declined by 8.70% to close at 21 Kobo. Also Jaiz Bank Plc has also rounded up as one of the top five (5) losers chart. In reference to report, the stock went down by 8% to close at 46 Kobo.
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Posted by News Rangers
on May 16 2019. Filed under Business, National.
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