Friday, March 29, 2024

NSE: Bears maintain dominance on NSE, market drops further by N82.3 Billion

 

The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Thursday with investors losing Eighty-Two Point Three Billion due to persistent profit taking on blue chips

Market breadth was negative, with Forty Seven stocks laggards against Twelve gainers.

The equity capitalization  fell to Twenty Point Five-Nine Trillion Naira, From Twenty Point Six –Seven Trillion traded on Wednesday, an Eighty-Two Point Three Billion naira loss.

The All Share Index consequently dropped at Thirty-Nine Thousand, Three Hundred and Sixty-Four Point Six –Seven Points from Thirty-Nine Thousand, Five Hundred and Twenty Point Zero Six points, a Zero Point Four percent drop.

Shares transacted by investors however rose to Four Hundred and Ninety-Three Point One-Seven from Two Hundred and Forty-Four Point Three Million Shares traded On Wednesday, a one hundred and one point eight-three percent rise.

In the like manner, the value climbed to Four Point Seven Billion naira, from Four Point One Billion, a Fourteen Point Four percent rise.

UPL LTD led the twelve gainers with eleven kobo rise on its share price. The share price rose from one naira Eleven Kobo to One Naira Twenty-Two kobo, a Nine Point Nine percent rise.

MORISON INDUSTRIES PLC and CAP PLC followed with Five kobo and One Naira rise in their share prices respectively.

However, FIDSON HEALTHCARE PLC led the laggards with a Forty-Nine kobo reduction in its share price.

Other top losers include, NORTHERN NIGERIA FLOOR MILL, NIGERIA ENAMELWARE PLC, NEM INSURANCE PLC and NCR NIGERIA PLC.

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ZENITH BANK traded the highest number of shares. It traded Thirty-Eight Point Six Million shares in a Six Hundred and Ninety –Three deals, valued at Nine Hundred and Eighty-Three Point Two Million Naira.

In turn over chart, PRESCO PLC was on top, with One-Billion-Naira worth of shares traded.

TODAY’S TOP GAINERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
UPL 1.11 1.22 0.11 9.90% 8 10,557,902 12,854,954.63
MORISON 0.55 0.6 0.05 9.09% 1 100,000 60,000.00
CAP 19 20 1 5.26% 63 5,268,927 102,891,813.70
WAPCO 19.5 20.2 0.7 3.5% 179 2,532,480 51,797,213.60
LIVESTOCK 2.21 2.28 0.15 3.16% 50 1,797,452 3,839,817.46

 

TODAY’S TOP LOSERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
FIDSON 4.9 4.41 -0.49 10% 11 3,992,853 17,637,873.08
NNFM 7.02 6.32 -0.7 9.97% 47 3,163,228 20,074,370.96
ENAMELWA 22.1 19.9 -2.2 9.95% 5 2,059,840 40,990,816.00
NEM 1.91 1.72 -0.19 9.94% 24 471,841 827,427.40
NCR 3.43 3.09 -0.34 9.91% 10 135,103 428,273.99

 

 

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