Trading Sustains Bear Sentiment as NSE index Sheds 3.28%

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed on a negative note Wednesday, January 6, as the All Share Index plunged by 3.28 per cent to close at 27,180.76 points from 28,102.14 on Tuesday, January 5.

Similarly, market capitalization also slid from N9.665 trillion to N9.347 trillion.

WAPCO recorded the highest gain of the day with N8.99 gain or 9.36 per cent to N105.00 followed by Berger Paint with a gain of N0.50 or 5 per cent to close at N10.50 followed by NAHCO that gained N0.18 or 5 per cent to close at N3.78 per share.

On the other hand, Dangote Cement topped the losers’ chart with N16.57 loss or 9.75 per cent to close at N153.43 followed by Union Homes that lost 0.47 or 9.46 per cent to close at N4.50 per share, and Skye Bank that lost N0.14 or 9.33 per cent to close at N1.36 per share.

All together, a total of 202,724,225 shares worth N1.481 billion exchange hands in 3,012 deals.