Transactions on the floor of the Nigerian Stock Exchange, NSE, ended last trading day on Friday, November 4, in the reds, posting its third consecutive loss of the week.
As a result of this, the All Share Index depreciated by 0.23 percent to close at 26,981.60 points, raising the year to date loss to 5.81 percent, Similarly,market capitalisation fell to N9.288 trillion as investors lost N1 billion.
The day’s performance was affected by a general decline among the sectoral indices, except the NSE Consumer goods Index that scooped 0.41 percent on account of a 2.51 percent growth in the shares of Nestle Nigeria Plc and the Industrial Index that added 3.9 percent following a 10.20 percent growth in the shares of WAPCO Plc.
Market breadth stayed negative with seven gainers against 18 losers. Total Nigeria Plc and Seplat Petroleum Development Company led the days losers’ chart with a depreciation of 5 percent to close at N315.9 and N361 per share respectively, while UPL Plc followed with a loss of 4.89 percent to close at N3.89 per share.
On the other hand, Wapco Plc grew by 10.20 percent to close at N54.88 per share, Airservice Plc added 8.55 percent to close at N2.54 per share, and Africa Prudential Registrars Plc increased by 4.84 percent to close at N2.60 per share.
Transactions in the shares of Sterling Bank Plc topped the activity chart with 33.7 million shares valued at N27.6 million. Zenith Bank Plc followed, having traded 24.2 million shares worth N359.4 million, while FBN Holdings Plc came third having traded 20.2 million shares valued at N61.7 million.
At the end of the day, total volume traded surged by 35 percent to 151.9 million valued at N1.2 billion exchanged in 2,903 deals as against 112.5 million shares valued at N2.4 billion traded in 2,684 deals on Thursday.
