As trading activities closed for the month of June on Friday, June 30, at the Nigerian Stock Exchange, equities saw major plunge due to profit taking across major sectors.
Consequently, the All Share Index depreciated by 0.46 percent to 33,117.48 points. Similarly, the Market Capitalization also dipped by N52.7 billion to close at N11.452 trillion compared to an appreciation of N211.8 billion recorded in previous day’s trade.
The day’s performance decreased the year to date gains to 23.34 percent as the Banking Index posted the largest loss of 1.69 percent following sell-offs in UBA, Access, Guaranty, FCMB among others
Activity chart showed that market breadth turned negatiive with 18 gainers against 33 losers. Eterna Oil led the day’s advancers with 7.02 percent leap to close at N3.81 per share, while Champion Breweries trailed with a gain of 5.73 percent to close at N2.95 per share, while ETI added 4.96 percent to close at N13.97 per share.
Fidson surged 4.91 percent to close at N2.78 per share and Jaiz Bank gained 4.48 percent to close at 70 kobo per share.
Conversely, Unilever led the day’s recliners with a loss of 9.74 percent to close at N36.87 per share, May & Baker came next with a decline of 9.56 percent to close at N3.88 per share. Unity Bank followed with a loss of 8.22 percent to close at 67 kobo, UBA dipped 7.50 percent to close at N8.76 per share and 7up fell 5 percent to close at N86.45 per share.
Diamond Bank led day’s activity chart with an exchange of 40.3 million shares worth N50.9 million. Access Bank was next with the sale of 31.2 million shares valued at N295.5 million, while Niger Insurance traded 29.2 million shares worth N14.6 million.
Transcorp exchanged 28 million shares valued at N40.7 million; and UBA emerged the fifth most traded stock with 23.3 million shares worth N209.9 million.
