Equities market goes 0.46% lower, records 8.50% YtD

TRADING on the Nigerian Stock Exchange maintained the previous outlook as the bear pull persists with the All-Share Index shedding 46 basis points, leaving the Year-to-Date (YtD) returns at 8.50 percent.

Similarly, Market capitalisation declined to N14.89 billion at the close of trading session on Wednesday, just as market breadth closed negative with 19 gainers against 35 losers.

Indices closed in red across sectors aside NSE Banking which took a marginal position, owing to gains in Fidelity Bank and FCMB Holdings.

To take the lead on the gainer’s chart, Fidelity added 7.76 percent to its share value, followed by GlaxoSmithKline Nigeria Plc which added five percent to its value. Dangote Flour Plc also advanced by five percent, while Guinness Nigeria Plc followed marginally with 4.79 percent increase.

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On the other hand, the loser’s chart was topped by Cadbury Nigeria Plc, as its stocks depreciated by 9.63 percent, trailed by Unity Kapital Insurance Plc which lost 7.69 percent of its value. Mansard Assurance Plc made the list having depreciated 7.41 percent, while WAPCO lost 6.55 percent and Unity Bank Plc declined by 6.11 percent.

However, transaction level in terms of volume and value increased by 19.49 percent and 44.03 percent respectively, as Japaul, Zenith Bank, Fidelity Bank top the activities chart in terms of volume while Dangote Cement, Guaranty Trust Bank, Nigerian Breweries topped the trade value chart.