Equities extend losses to third consecutive session as ASI dips by 1.5%

At the close of trading at the Nigerian Stock Market, the prices of shares traded in the market lost value for the third consecutive session as the benchmark index fell 1.5 per cent to close at 35,629.13 points while gain dropped to 32.6 per cent. As a result, investors lost N185.0 billion as the total market value of all the listed shares (market capitalisation) settled at N12.3 trillion.

The market performance was dragged by losses in blue chips stocks such as DANGCEM (-3.8%), GUARANTY (-0.5%), ACCESS (-3.9%) and DANGSUGAR (-4.9%). However, activity level improved as volume and value traded surged 66.1 per cent and 93.8 per cent to 239.9 million units and N2.9 billion respectively.

Mobil topped the losers’ table, dropping N8.68 to close at N165.11 per share. Dangote Cement trailed with a loss of N8.68 to close at N204.52, while Guinness depreciated by N1.98 to close at N75 per share. Forte Oil dropped N1 to close at N49, while Unilever lost 71k to close at N39.29 per share. On the other hand, Total Oil led the gainers’ chart, chalking up N6.5 to close at N243 per share.

Nigerian Breweries appreciated by N1.4 to close at N185, while Cutix rose by 22k to close at N2.43 per share. MayBaker share price rose by 13k to close at N3.01, while Continsure gained 6k to close at N14 per share. Fidelity Bank remained the toast of investors, accounting for 42.81 million shares worth N58.21 million. Sterling Bank came second on the activity chart with 39.16 million shares valued at N39.89 million, while Access Bank sold 33.03 million shares worth N324.79 million.

UBA traded 29.48 million shares valued at N279.72 million, while FBNH sold 12.95 million shares worth N74.14 million. The volume of shares traded rose by 66.08 per cent as 239.906 million shares worth N2.93 billion were traded in 4,371 deals compared with the 144.452 million shares valued at N1.51 billion traded in 3,716 deals on Tuesday.

Market Statistics Wednesday, 30th August 2017
Market Cap (N’bn)                                          12,280.4
Market Cap (US$’bn)                                            40.2
NSE All-Share Index                                     35,629.13
Daily Performance                                                 (1.5)
Week Performance %                                            (3.9)
YTD Performance %                                             32.6
Daily Volume (Million)                                          239.9
Daily Value (N’bn)                                                    2.9
Daily Value (US$’m)                                                9.6