Transactions on the floor of Nigerian Stock Exchange, NSE, on Monday, November 14, maintained a plunge from the previous trading session.
Following the negative run, the lead indices crashed to a record low of 0.70 percent. Specifically the All Share Index (ASI) shed 184.07 points to close at 25,986.81 points, bringing year to date losses to -9.33 percent.
Market breadth closed with 10 gainers paired against 22 losers as investors’ appetite dampened further. Forte Oil topped the losers’ stocks by 9.74 percent to close at N94.32 per share. Honeywell Flourmills followed closely dropping 5 percent to close at N1.14 per share and Cadbury that lost 4.95 percent to close at N10.57 per share.
Nascon Allied Industries and Oando likewise shed 4.90 and 4.88 percent each to close at N7.18 and N4.09 per share respectively.
Conversely, May and Baker led the gainers chart with a 4.71 percent growth to close at 89 kobo per share, followed by Wapic Insurance with a gain of 4.00 percent to close at 52 kobo per share, and Livestock Feeds 2.50 percent growth to close at 82 kobo per share.
Axamansard added 1.63 percent to close at N1.87 per share and Access Bank emerged the top fifth gainer with an appreciation of 1.13 percent to close at N5.36 per share.
MTI was the most traded stock for the day with 33 million shares valued at N16.5 million. UBA followed with 23.3 million shares worth N100.2 million, while Wema Bank traded 10.5 million shares valued at N6.6 million.
Guaranty Trust Bank with the trade of 9.9 million shares worth N214.6 million bagged the fourth position on the activity chart, while Diamond Bank came fifth having sold 9.2 million shares valued N9.3 million.
Meanwhile, at the end of the day, total volume traded, slumped to 160.9 million units valued at N1.115 billion and traded in 2,431 deals, in contrast to 2.3 billion units valued at N2.6 billion and traded in 3,346 deals recorded on Friday.
