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Share value on NSE dips by N26bn

By Chinedu Ibeabuchi

Driven by losses on the share prices of quoted companies in the Nigerian Capital market, Monday, the value of listed equities, represented by the market capitalisation dipped by N25.64 billion.

Specifically, the capitalisation which closed last week on a bullish note, depreciated by 0.43 per cent. to close at N5.957 trillion from N5.983 trillion at which it opened.

Another key market indicator, the all-share index, dropped by 0.43 per cent or 111.87 basis points to close at 25,988.77 basis points from 26,100.64 points at which it opened.

Guinness Nigeria Plc led the losers’ table, dropping by N5.92 to close at N130.05 per share from N135.97 per share at which it opened, followed by Benue Cement Company Plc which shed N2.00 to close at N39.40 per share and Julius Berger Nigeria Plc lost N1.60 to close at N30.56 per share.
Other share price losers include: Glaxo SmithKline Consumer Plc N0.90, Dangote Sugar Refinery Plc N0.80, Ecobank Transnational Incorporated Plc N0.71, GTBank Plc N0.69, United Bank for Africa N0.54, Lafarge Cement WAPCO Plc N0.51, Unilever Nigeria Plc N0.49, among others.

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Oando Plc topped the gainers’ table, gaining N4.17 to close at N87.67 per share from N83.50 per share at which it opened, followed by UAC Nigeria Plc, appreciating by N1.61 to close at N37.62 per share and First Bank of Nigeria Plc rose by N1.00 to close N22.00 per share.

Other share price gainers include: Union Bank Nigeria Plc N0.80, PZ Cussons Nigeria Plc N0.79, BOC Gases Plc N0.78, Cement Company of Northern Nigeria Plc N0.44, Zenith Bank Plc N0.41, University Press Plc N0.40, Intercontinental Bank Plc N0.37, among others.

However, equity trading appreciated by 59.6 per cent, as a turnover of 444.55 million shares valued at N3.63 billion was recorded in 9,397 deals, in contrast to the previous day’s turnover of 281.67 million shares valued at N2.04 billion in 6,882 deals.

The Banking sub-sector emerged the most active in the sectorial analysis, accounting for 51.9 per cent of the market turnover with 233.21 million shares valued at N2.82 billion in 5,909 deals.

First Bank of Nigeria Plc was the most patronised in the sub-sector, trading 63.9 million shares valued at N1.4 billion in 1,951 deals, followed by Wema Bank Plc, exchanging 20.24 million shares valued at N60.73 million in 215 deals and Intercontinental Bank Plc recorded 18.22 million shares valued at N144.5 million in 184 deals.

The Insurance sub-sector followed in the sectorial analysis, accounting for 35.8 per cent of the market turnover with 160.75 million shares valued at N125.04 million in 1,280 deals. Goldlink Insurance Plc emerged the most active in the sub-sector transacting 81.19 million shares valued at N40.6 million in 93 deals, followed by AIICO Insurance Plc exchanging 22 million shares valued at N22.99 million in 674 deals and International Energy Insurance Plc recorded 18.04 million shares valued at N24.84 million in 68 deals.


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