Nigerian Stock Exchange (NSE)

Trading on the Nigerian Stock Exchange (NSE) closed south on Wednesday September 9, as the All share Index (ASI) declined 2.98 per cent to close at 29,454.09 points as against 1.02 per cent or 306.67 points gained yesterday to close at 30,358.87.

Market Capitalization similarly lost N311.14 billion to close at N10.13 trillion as against N105.5 billion gained yesterday to close at N10.44 trillion.

All sectoral indices led by the NSE Premium and Banking Index (-4 per cent) also closed south with the exception of the ASeM Index that closed flat.

Trans-Nationwide Express Plc, led 9 equity gainers with a 9.01 per cent or 10 kobo gain to close at N1.21 followed by Fidson Healthcare Plc. and Guinness Nigeria Plc with 5 per cent or 16 kobo and N6.26 increase to close at N3.36 and N131.48 per share respectively.

Costain W.A Plc appreciated 4.92 per cent or 3 kobo to close at 64 kobo per share while Smart Products Nigeria Plc. added 4.26 per cent or 4 kobo to close at 98 kobo per share.

Conversely, Oando Plc topped 46 equity losers with an 8.15 per cent or 97 kobo loss to close at N10.93 per share followed by Fidelity Bank Plc which depreciated 5.30 per cent or 8 kobo to close at N1.43 per share, while FBN Holdings Plc decreased 5.15 per cent or 36 kobo to close at N6.63.

Flour Mill Plc and Axamansard Insurance Plc also declined 5 per cent or N1.13  and 13 kobo to close at N21.47 and N2.47 per share respectively.

In all, Investors on the floor of the exchange traded 459.56 million shares valued at N4.39 billion in 3,396 deals.

By Pita Ochai


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