Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, June 27, collapsed further, driving down value of lead indices.
As such, the NSE All Share Index, ASI, which opened at 37,988.54 points lost 26.41 points or 0.06 per cent to close at 37,963.93. driven by the losses posted by highly capitalised and medium-size equities.
Likewise, the market capitalisation dipped by N9 billion to close at N13.752 trillion against N13.761 trillion on Tuesday.
Okomu Oil Palm sat atop the laggards’ chart, sliding by N1.70 to close at N92.50 per share. Cement Company of Northern Nigeria followed with a loss of N1.20 to close at N23.50, while Seplat was down by N1 to close at N650 per share.
Mobil Oil tumbled by N1 to close at N181, while Cadbury lost 50k to close at N12.50 per share.
On the flip side, Total led the gainers’ table, soaring by N7.20 to close at N200.50 per share. Stanbic IBTC trailed with a surge of N1 to close at N50, while Lafarge Africa increased by 95k to close at N40 per share.
Union Bank of Nigeria added 25k to close at N6.15, while Africa Prudential Registrar advanced by 15k to close at N4 per share.
Sterling Bank was the toast of investors, accounting for 172.63 million shares valued at N241.03 million.
Zenith International Bank followed with 31.54 million shares worth N792.74 million, while Transcorp sold 22.92 million shares valued at N31.98 million.
United Capital exchanged 21.18 million shares worth N69.34 million, while United Bank for Africa sold 16.62 million shares valued at N175.79 million.
At the end of trading, the volume of shares transacted closed down with an exchange of 372.24 million shares valued at N3.18 billion achieved in 3,800 deals.This was in contrast with a total of 539.67 million worth N4.71 billion traded in 4,202 deals on Tuesday.
