Equities trading on the Nigerian Stock Exchange (NSE) on Wednesday ended in the south zone as bears persist for the fifth consecutive time, as investors further lose nine billion naira.
With 0.09 per cent depreciation, the All Share Index (ASI) closed at 27,523.08 basis points, while market capitalisation settled at N14.338 trillion.
Similarly, market breadth closed in favour of bear as 13 advancers were recorded against 17 decliners with United Capital leading the gainers’ chart while Mansard Insurance topped the losers’ chart on Wednesday.
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Records indicated that United Capital appreciated by 9.9 per cent after adding 29 kobo to its shares, closely followed by African Prudential that gained 9.87 per cent to its shares value, thus closing the market at 46 kobo per share. AIICO also gained 9.76 per cent having added 0.08 kobo to its shares to closes at 90 kobo per share. C&I Leasing advanced by 9.48 per cent having added 55 kobo to previous day gains to close at N6.35 kobo; while Union Bank’s shares appreciated by 9.26 per cent or N0.05 kobo to close 59 kobo.
Conversely, Mansard Insurance led the losers’ chart with ten per cent loss to close at N1.80 kobo per share trailed by Forte Oil, Custodian Insurance, NCR and Law Union as their share value depreciated by 9.97, 9.92, 9.40 and 9.09 percentile respectively.
However, the volume of trades increased from previous day session, recording approximately 290 million units, just as a value also followed suit to record five billion.
Guaranty Trust Bank, Zenith Bank, First Bank of Nigeria Holdings, Japaul Oil and United Bank for Africa ended the trading session as top performers in terms of volume.
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