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NSE index falls further

By on May 23, 2015

The equities market closed on a negative note for the third straight session on Thursday as investor optimism continued to wane.

The Nigerian Stock Exchange’s benchmark index, the All-Share Index, closed lower, shedding 73.7 basis points or 0.21 per cent to close at 34,459.70 basis points. The drop meant its year-to-date return now stands at -0.57 per cent.

Similarly, the market capitalisation of the listed equities fell by N25bn or 0.21 per cent to close at N11.708tn.

It was a generally negative performance as all market indicators declined with the exception of the NSE Alternative Securities Market Index, which closed flat at 1,213.52 basis points.

The NSE 30 Index, for instance, was down by 3.41 basis points or 0.21 per cent to close at 1,584.18 basis points, while the NSE Banking Index declined by 1.29 basis points or 0.3 per cent to close at 398.11 basis points.

A total of 196.213 million shares worth N1.357bn were traded in 3,876 deals on Thursday with 20 stocks recording price appreciation and 25 others dipping in value.

Vono Products Plc topped the gainers’ table. It rose by 9.80 per cent or 10 kobo to close at N1.12 per share.

It was followed by Trans-nationwide Express Plc, NEM Insurance Plc and Neimeth International Pharmaceutical Plc, which fell by 4.76 per cent each to close at N1.10, 88 kobo and N1.10 in that order.

On the flipside, Evans Medicals Plc was the day’s biggest loser, shedding 9.05 per cent or 18 kobo to close at N1.81 per share.

Vitafoam Plc declined by 4.91 per cent or 26 kobo to close at N5.03; followed closely by Livestock Feeds Plc with a 4.90 per cent or 12 kobo share price depreciation to close at N2.33 per share.

Also, Dangote Flour Mills Plc dipped by 4.89 per cent or 22 kobo to close at N4.28 per share, while Wema Bank Plc was down by 4.81 per cent or five kobo to close at 99 kobo per share.

 

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