Transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday, November 18, maintained the downward trend for the fifth consecutive day as market value depreciated further.
As a result of the negative run, the All Share Index closed at 25,537.54 points from 25,599.79 points recorded in previous session, increasing the year to date losses to 10.86 percent.
Although investors’ appetite, showed improvement during the day’s session, market breadth closed with 14 gainers paired against 17 losers.
Flourmills topped the losers’ chart dropping 9.70 percent to close at N16.20 per share, this was followed by Berger Paints that shed 9.58 percent to close at N6.23 per share and AIICO Insurance that lost 5.00 percent to close at 57 kobo per share.
Seplat and PZ Cussons Nigeria also shed 5.00 and 4.95 percent each to close at N342.95 and N14.99 per share respectively.
On the other hand, Transcorp Hotels led the gainers chart with a 10.06 percent growth to close at N5.25 per share, followed by Axamansard with a gain of 5.00 percent to close at N1.89 per share, while Oando recorded a 4.76 percent growth to close at N3.96 per share.
May&Baker Pharmaceuticals added 4.35 percent to close at 96 kobo per share and Nigerian Aviation Handling Company emerged the top fifth gainer with an appreciation of 4 percent to close at N2.34 per share.
Diamond Bank emerged the most traded stock for the day with 35.4 million shares valued at N31.9 million. First Bank Holdings followed with 27.2 million shares worth N82.9 million, while Access traded 23.7 million shares valued at N130.5 million.
Market performance as measured by the total volume traded, grew to 165.6 million units valued at N888.2 million in 2,279 deals compared to 161.6 million units valued at N1.185 billion in 2,086 deals recorded in previous session.
