Market capitalization sustains descent as ASI closes at 43,529.0
The dumping spree resuscitated by desire to take profit by investors which started on Monday continued on Thursday as investors sentiment on profit talking held say , pitching supply against demand.
Daily Ties recalled that on Wednesday, the Nigeria All-Share Index recorded a third day of consecutive decline, shedding 0.96% at the close of trades today. Consequently, the YtD return settled lower at 14.96 per cent.
The market breadth on Wednesday settled at 0.25x, reflecting huge selloffs, with just eleven (11) gainers and forty-four (44) losers
The ,market capitalization closed Thursday at N15,603,868,757,770.00, against N15,759,567,371,281.41 posted Wednesday , reflecting decline by N152.503 billion decline.
The NSE All share index followed same trend as it closed lower at 43,529.0 having opened trading for the day at 43,963.40. Investors transacted a total of 500,847,052.00 units of shares valued N6, 634,442,132.09 in 6,002.00 deals.
The top five traded for the day were NESTLE led the day with 11.69 per cent gain or N25 , to close at N11,500 per share, from N1475 which opened trade. Seplat followed with 1.11 per cent or N7.58 gain to close at N92.58 e share while DANGSUGAR gained 10.16 per cent or N.03 to close at N22.01 per share.
FLOURMILL placed fourth on the table with 2.67 per cent or N0.8 closing at N30.8 per share, while FBNH closed the top five activity table with 4.00 per cent growth to close at N13.00 per share.
Top decliners for the day were Dancem which declined by -8.84 per cent, GUINNESS lost -4.15 per cent, STANBIC 2.28 per cent loss, GLAXOSMITHN declined by -2.02 per cent, while UNILEVER depreciated by -1.5 per cent
Stories bn by Bonny Amadi
