Trading activities on the floor of the Nigerian Stock Exchange, NSE, resumed the month of July on a negatve note. The bearish trend swept through the bourse on Wednesday, July 1, as investors lost a total of N21 billion
The All-Share Index plunged by 406.6 basis points to close at 33,863.43 from 33,46.83 points on Tuesday, June 30.
Similarly, the market capitalization closed at N11.21 trillion as against N11.42 billion on Tuesday, June 30.
Livestock feeds led the gainers’ pack with10k to close at N2.26per share. Sterling Bank trailed with nine kobo to close at NN2.09 per share, while 7Up grew by N6.90 to close at N186 per share. Presco gained N1.00 to close at N35 and International Breweries appreciated by 49k to close at N19.50 per share.
Conversely, Nestle recorded a loss of N32.20 to close at N857 per share. Forte Oil came second, dipping by N2.88 to close at N188.22 while PZ lost N1.55 to close at N30.45 per share. Cadbury dropped N1.47 to close at N35.03 while Transcorp plunged by 93k to close at N8.70 per share.
Zenith Bank Plc emerged the most traded equity, accounting for 90.38 million shares worth N1.78 billion. Sterling Bank followed with 36.57 million shares valued N72.98 million, while Unilever sold 19 million shares worth N864.72 million.
UBA accounted for 17.67 million shares valued N88. 21 million, while Access Bank exchanged 16.94 million shares worth N96.23 million.
In all, investors traded N4.090billion on 323.56 million shares exchanged in 4,090 deals