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Nigerian Stock Exchange: First Loss In 2020 recorded

Nigerian Stock Exchange: First Loss In 2020 recorded

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Nigerian Stock Exchange: First Loss In 2020 recorded

After eleven days of staying top-notch with its finances, the Nigerian Stock Exchange (NSE) recorded its first loss of 1.8 per cent drop this year.

Contrary to the 29,633.58 gained on Monday, All-Share Index shed 350.43 points or 1.18 per cent to close at 29, 283.15.

Also, compared with N15.287 trillion in the preceding trading session, the market capitalisation, closing at N15.106 trillion, dipped N181 billion.

The downward trajectory was caused by losses incurred in both medium and large capitalized stock which are Nigerian Breweries, MTN Nigeria, Dangote Cement, United Bank for Africa and Zenith Bank.

13 gainers and 23 laggards closed the market breadth closed negative.

Leading the gainers’ table was Beta Glass which grew by 9.67 per cent to close at N59 per share.

The second was C & I Leasing with 8.89 per cent gain to close at  N7.35. Ekocorp rose by 7.22 per cent to close at N5.20, per share.

Forte Oil improved by 5.62 per cent to close at N17.85, while Cadbury Nigeria rose by 5.26 per cent to close at N10 per share.

With 666.78 million shares valued at N6.52 billion, all the shares traded amounted 91.47 per cent increase. They were exchanged in 5,711 deals despite the drop in market indices.

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Nigerian Stock Exchange: First Loss In 2020 recorded
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This was against a total of 348.24 million shares worth N8.55 billion transacted in 5,377 deals on Monday.

In percentage terms, the laggards’ table was led by Tourist Company of Nigeria, dropping by 10 per cent to close at N3.15 per share.

Trailing with a loss of 9.69 per cent to close at N2.05, was NEM Insurance, while NPF Micro Finance Bank dropped 9.56 per cent to close at N1.23 per share.

With a loss of 9.52 per cent to close at 38k was Consolidated Hallmark Insurance. Nigerian Breweries shed 8.83 per cent to close at N51.10 per share.

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