The Nigerian Stock Exchange, NSE, on Wednesday, August 16, closed in the red owing to the relentless bull run that has pressured stocks for some days now.
As such, the All-Share Index, ASI, shed 2.68% below the 37,000 mark, closing at 36,102.38 points after sliding by 994.22 points. The loss dragged down the YTD return to 34.34 percent. Similarly, Market capitalisation dipped by N342.7 billion to settle at N12.4 trillion.
Activity chart showed that market breadth closed negative with 10 gainers paired against 30 losers. Dangote Cement dropped N11 of its share value to close at N214 per share, while Total Plc declined by N9.55k to finish at N227 per share.
Furthermore, Nigerian Breweries slumped by N5 to end at N185 per share, Guinness Nigeria went down by N1.93k to settle at N87.96k per share, and Stanbic IBTC sank by N1.92k to wrap the day at N37.3k per share.
Conversely, Nestle lead the advancers’ pack with a growth of N11.90k to its share price to close at N1,220 per share. It was followed by NASCON, which jumped by 31k to finish at N12 per share, and Union Bank of Nigeria, which advanced by 21k to end the day at N6 per share.
Dangote Sugar surged by 13k to finish at N12.80k per share, while Vitafoam expanded by 12k to settle at N2.83k per share.
FBN Holdings, just like the previous day was the toast of investors trading 34.5 million shares at N206.8 million.
Access Bank continued to attract attention as investors await their half year earning. But at the close of activities today, it transacted 27.4 million shares at N276.9 million, and GTBank exchanged 25.2 million shares worth N970.8 million.
In addition, Jaiz Bank traded 15.1 million shares valued at N12 million, while Zenith Bank transacted 12.7 million shares at N284.7 million.
At the end of trading for the day, investors had exchanged a total of 225 million shares worth N5.1 billion executed in 4,822 deals.
