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Stock Market watch: Market cap loses N23billion on Wednesday

By on September 18, 2013

The bearish trend continued at the stock market on Wednesday with the market capitalisation of the listed entities losing N23 billion or 0.20 percent to close at N11.392 trillion as against Tuesday’s N11.415 trillion mark.

The All share index, ALSI, also recorded a loss of 85.66 points or 0.24 percent to close for the day at 35,765.7 points as against Tuesday’s closing figure of 35,851.37 basis points.

At the close of transactions on Wednesday, investors traded 476.70 million shares valued at N2.54 billion in 5,105 deals.

This was in contrast to the 184.74 million shares valued at N1.94 billion which exchanged hands in 5,887 deals at the close of trading on Tuesday.

Mobil topped the top five gainers chart with a gain of N8.50k in its share price to close at N114.50k per share.

It was followed by Access Bank with a price gain of N0.57k to close at N9.98k per share while UACN was third with a gain of N0.47k in its share price to close at N55.97k per share.

NAHCO was in fourth position with a gain of N0.45k in its share price to close at N6.00 per share while Evans Medical was last on the chart with an addition of N0.29k to its share price to close at N3.29k per share.

International Breweries was the first on the top five losers chart shedding N1.97k in its share price to close at N18.00 per share while PZ was second with a price loss of N1.34k to close at N38.00 per share.

Oando was third with a loss of N1.03k in its share price to close at N9.32k per share.

Guinesss was in fourth position with a price loss of N1.00 to close at N248.00 per share while Jos Breweries was last on the chart with a loss of N0.90k in its share price to close at N8.19k per share.

The top five trades by volume chart at the close of trading on Wednesday was led by Wapic Insurance with 169.20 million shares valued at N126.81 million while Skye Bank was second with 44.88 million volume of shares valued at N188.95 million.

Diamond Bank was third with 41.38 million shares worth N254.37 million.

Transcorp was in fourth position with 37.71 million shares valued at N52.66 million while Unity Bank was last with 28.60 million shares worth N15.28 million.