AIICO, UBA, Forte lead market turnover as investors lose N37 billion
Equities trading on the Nigerian Stock Exchange (NSE) closed the first trading day of the week on a negative note as lead market indices fell by 0.42 percent.
This was as the day’s activity table was driven by AIICO which traded 56.8 million shares for N34.1 million, followed by Transcorp with 16.1 million units worth N12.6 million, while UBA was third with 7.8 million shares valued at N38.9 million
The All Share Index (ASI) closed at 26,217.18, following a decline of 111.04 points. Market capitalization also shed N37 billion to close at N9.021 trillion.
Nine companies appreciated, while 19 others recorded loss in equity price. Seven-Up capped the day’s advancers with a 5 percent growth to close at N113.40, followed by Caverton with 4.35 percent to close at 72 kobo. Eterna was next with 4.02 percent to close at N3.62, while Forte Oil and FBN Holdings added 2.95 and 1.74 percent each to close at N74 and N3.50 respectively.
Continental Reinsurance led the 19 losers with a decline of 4.92 percent to close at N1.16. Oando dropped 4.67 percent to close at N4.90, while under was third with 4.11 percent loss to close at 70 kobo, even as Diamond Bank fell 4.04 percent to close at 95 kobo and Transcorp dropped 3.70 percent to close at 78 kobo.
The day’s activity table was driven by AIICO that traded 56.8 million units of shares, worth N34.1 million, followed by Transcorp with 16.1 million units valued at N12.6 million, while UBA was third with 7.8 million units of shares valued at N38.9 million.
FBN Holdings was the fourth-most traded stock with 7.6 million units valued at N26.6 million while Fidelity Bank emerged fifth on the day’s top traded list with 7.4 million units of shares at N6.6 million.
A total of 143.0 million units of shares valued N755.2 million were traded by investors in 2,138 deals in contrast to 2,725 deals, recorded in the last trading session.
The volume depressed by 40 percent from 237.8 million units of shares sold previously, while value traded depressed from N2.2 billion which opened trading.
