NSE Equities Closes On A Negative Note As All Share Index, Others Drop

Equities in the concluded trading session at the Nigerian Stock Exchange (NSE), on Thursday, ended on a negative note as the effect dragged the All-Share Index down to 29,030.93.

The data on the website of the NSE shows that market capitalization declined by N41.2billion to end at N14.9 trillion as Thursday’s trade session ended.

Theinsurance sector led gainers chart as it appreciated by 2.1% as a result of the buying interest in Cornerstone which increased by 6.7% and NEM at 9.1%.

The banking sector followed the gainers chart as it rose by 0.6% due to appreciation in the share prices of Unity Bank at 6.7% and Guarantee Trust Bank (GTB) at 3.0% gain increase.

The best performing stocks were Corner Stone at 9.3%, NEM INSURANCE PLC at 9.1% and Consolidated Hallmark Insurance Plc at 8.3%, while UACN led the loser’s chart as its stock fell by -10%’ UNIONDAC fell by -9.1% and TRANSCORP by also followed by losing by -8.8%.

GTB led the most active stock by volume as it traded 75.7 million units, as MTN followed the list with 37.5 million units and United Bank for Africa traded 26.9million.

However, MTNN led the chart of performance by value with shares worth N4.6billion, GTB N2.3billion while followed the list with share worth N507 million.

Below is a breakdown of  trading activities for Thursday, 30th January 2020

Market Cap (N’bn)          14,953.6

Market Cap (US$’bn)      41.5

NSE All-Share Index      29,030.93

Daily Performance %      (0.3)

WTD Performance %      (2.0)

MTD Performance %      8.2

QTD Performance %      8.2

YTD Performance %       8.2

Daily Volume (Million)  274.5

Daily Value (N’bn) 9.1

Daily Value (US$’m)      25.3