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Home Sectors BUSINESS & ECONOMY NSE Index Parts With 1.95% On Relentless Bear Run
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NSE Index Parts With 1.95% On Relentless Bear Run

November 9, 2016
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    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, November 8, sustained the downward trajectory that has rocked the bourse for five straight days.
    To this end, the All Share Index depreciated by 1.95 percent on Tuesday after shedding 523.27 points to close at 26,364.27 points, while  Market capitalisation parted with to N9.075 trillion, following a loss of N180 billion in the course of the day’s trade.

    The market breadth remained negative, with 13 gainers paired against 26 losers. Champion Breweries topping the decliners’ chart by 9.47 percent, to close at N2.39 per share. Forte Oil and UACN shed 5.00 percent each to close at N113.72 and N17.67 respectively, while WAPCO and Okomuoil declined by 4.99 and 4.89 percent each to close at N52.14 and N44.70 per share respectively.

    Conversely, Glaxosmithkline and CAP Plc recorded the highest gain of 5.00 percent each to close at N15.75 and N34.02 per share respectively.

    Airservice Plc followed with a gain of 4.89 percent to close at N2.79 per share, while Eterna Oil Plc rose by 4.35 percent to close at N3.36 per share as Unity Bank went up by 3.33 percent to close at 62 kobo per share.

    Transactions in the shares of Chams Plc topped the activity chart with 40.1 million shares valued at N20.1 million. UBA Plc followed with 28.6 million shares worth N122.8 million, while Transcorp Plc traded 18.0 million shares valued at N16.1 million.

    Guaranty Trust Bank Plc with the trade of 16.8 million shares worth N359.8 million bagged the fourth position on the activity chart, while Zenith Bank Plc came fifth having sold 14.1 million shares valued N207.7 million.

    At the end of trading for the day, the total volume traded, leaped by 64 percent to 189.01 million units valued at N1.6 billion transacted in 3,434 deals in contrast to 115.04 million shares, valued at N1.16 billion, traded in 2,963 deals on Monday.

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