Equity trading activities on the Nigerian Stock Exchange closed on a negative note on Tuesday, extending the losses which began last Friday.
The NSE’s All-Share Index fell by 0.4 per cent or 10.05 basis points from 21,357.22 basis points on Monday, to 21,347.17 points.
The market capitalisation of the listed shares also fell by 0.4 per cent or N3bn from N6.818tn the previous day to close at N6.815tn.
The NSE-30 Index fell by 0.1 per cent or 0.81 basis points to 971.47 points, down from 972.28 points recorded the preceding day.
The NSE Consumer Goods Index was also down by 0.2 per cent or 3.01 basis points to 1,719.26 points down from 1,722.27 points recorded the preceding day.
A total of 28 stocks recorded price depreciation while 20 stocks gained marginally at the close of trading activities.
Learn Africa Plc, emerged the highest loser of the day, shedding five per cent or 12 kobo to close at N2.28 per share.
Guaranty Trust Assurance Plc also shed five per cent or seven kobo to close at N1.33 per share.
Oando Plc and Berger Paints Plc also shed 4.9 per cent each to close at N13.78 and N8.54 per share respectively, while Eterna Plc and Air Service and Logistics Plc lost 4.8 per cent each to close at N3.15 and N1.39 per share in that order.
On the other hand, Japaul Oil and Maritime Services Plc led 19 other companies on the price gainers’ chart, rising by 4.7 per cent or three kobo to close at 66 kobo per share.
Custodian and Allied Insurance Plc also gained 4.7 per cent or seven kobo to close at N1.57 per share.
Paints and Coatings Manufacturing Nigeria Plc and Livestock Feeds Plc gained 4.4 per cent and 4.0 per cent each to close at N1.66 and N1.03 per share respectively.
The banking sub-sector maintained its lead on the activity chart, accounting for 68 per cent of total volume traded.
In the sub-sector, investors exchanged 156.64 million shares, valued at N1.129bn in 2,263 transactions.
Trading in the shares of Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc, UBA Plc, First Bank and Sterling Bank Plc drove the sub-sector’s turnover.
Source: Punch/Udeme Ekwere