BY PROVIDENCE OBUH

The up trend recorded on the Nigerian Stock Exchange (NSE) has come to a halt Wednesday, as equities’ valued represented by the market capitalisation declined by N10.64 billion after four day of nonstop recovery from the previous weeks loss.

In particular, the capitalisation depreciated by 0.12 to close at N8.538 trillion from N8.548 trillion at which it opened.  Another key performance indices, the All share index dropped by 0.12 per cent or 33.31 bases points to close at 26,713.73 points from 26,747.04 points.

Law Union and Rocks Insurance Plc led on the losers table dropping by N0.03 to close at N0.57 per share, C and I Leasing Plc followed with a loss of N0.07 to close at N1.33 per share and Berger Paints Plc N0.46 to close at N8.84 per share.

Other share price losers include: Beta Glass Plc N0.77, Red Star Express Plc N0.16, Nigerian Aviation Handling Company Plc N0.55, John Holt Plc N0.41, University Press Plc N0.32, Vono Product Plc N0.17, Wema Bank Plc N0.07, among others.

On the other hand, Guinness Nigeria Plc led on the gainers table with a gain of N10.00 to close at N210.08 per share, Longman Nigeria Plc followed with a gain of N0.36 to close at N7.66 per share and Spring Bank Plc garnered N0.06 to close at N1.38 per share.

Continental Reinsurance Plc N0.05, International Breweries Plc N0.25, Evan Medical Plc N0.05, Afro Media Plc N0.02, Unity Bank Plc N0.06, Royal Exchange Plc N0.02, FTN Cocoa Processors Plc N0.02, among others.
Equity trading appreciated by 33.20 per cent, however a turnover of 393.31 million shares valued at N2.60 million was recorded in 7,460 deals, in contrast to the previous day’s turnover of 295.27 million shares valued at N2.32 billion in 6,289 deals.

The Banking sub-sector enjoyed the highest patronage on the sectorial analysis accounting for 65.21 per cent of the market turnover with 256.51 million shares valued at N1.39 billion in 4,753 deals.  Bank PHB Plc was the most active in the sub-sector trading 67.58 million shares valued at N132.90 million in 949 deals, Intercontinental Bank Plc followed with the exchange of 50.84 million shares valued at N130.21 million in 283 deals and United Bank for Africa Plc recorded 18.73 million shares valued at N196.01 million in 248 deals.