Transactions on the floor of the Nigerian Stock Exchange, NSE, ended in the Reds on Thursday, September 22, reversing the positive trend of the last two trading session.
Following the negative run, the All Share index recorded a 0.17 percent decline to close at 28,166.42 points yesterday. Average year-to-date return now stands at -1.66 per cent.
Trading activities on the bourse on Thursday, showed investors’ sentiment turned negative as market breadth closed with 18 gainers to 22 losers.
Caverton Plc led the day’s declining stocks with a loss of 9.09 percent or 11 kobo to close at N1.10 per share, followed by Continental Reinsurance (Continsure) Plc that lost 4.95 percent or 5 kobo to close at 96 kobo per share.
Nigerian Aviation Handling Company (NAHCO) Plc also dropped 4.60 percent or 16 kobo to close at N3.32 per share, Honeywell Flour Mills Plc fell 4.26 percent or 6 kobo to close at N1.35 per share and Neimeth Pharmaceuticals Plc depreciated 4.08 percent or 4 kobo to close at 94 kobo per share.
Conversely, Oando Plc topped the day’s advancing stocks with a gain of 7.14 percent or 40 kobo to close at N6 per share. Zenith Bank Plc followed with a growth of 5.27 percent or 79 kobo to close at N15.79 per share.
Total and Mobil Nigeria Plc appreciated 5 percent each or N13.50 and N8.55 respectively to close at N283.50 per share and N179.55 per share, while Forte Oil emerged the 5th top gainer also adding 5 percent to close at N163.11 per share.
Diamond Bank Plc led most traded stocks with the sale of 141.4 million shares worth N164.4 million. FCMB Plc came second trading 48.1 million units of shares amounting to N48.2 million while FBNH Plc exchanged 40.8 million shares worth N126.3 million.
Market activity as measured by Volume and Value traded, settled at 410 million units and N3.6 billion respectively, against 3.1 billion units and N6.2 billion traded previously.
