Saturday, 11 May 2019

Nigerian Stock Market Investors Lose N136.88 Billion In Five Days

The Nigerian stock market closed Friday's tradings bearish. The exchange market traded negatively throughput the week as key market indices continue tanking.

The All Share-Index (ASI) fell by 0.17% in today's tradings compared to 0.24% decline recorded the preceding day. Year-to-Date the ASI was down by 8.24%.

The market capitalization closed at N10.842 trillion as compared to N10.860 trillion the previous day. Nigerian stock market investors lost N18.21 billion in today's tradings as sell-off persists. Weak-on-Weak the equity capitalization went down by N136.88 trillion.

Sovereign Trust Insurance Plc was the best-performed stock for the day. The stock appreciated by 8.70% to close at 25 Kobo. NEM Insurance Plc went up by 7.76% to close at N2.50. Prestige Assurance Plc gained 6.38% to close at 50 Kobo.

Stanbic IBTC Bank Plc was up by 5.26% to close at N46. Royal Exchange Plc completes the top five gainers chart. ABC Transport Plc was the worst-performed stock for the day. The stock declined by 10% to close at 27 Kobo.  Seplat Petroleum Plc went down by 9.98% to close at N522.

Africa Prudential Plc shed 9.92% to close at N3.54 Kobo. Veritas Kapital Assurance Plc and Chams Plc declined by 9.09% to close at 20 Kobo and 40 Kobo respectively.

Sovereign Trust Insurance Plc was the top traded stock by volume for the day. The company sold 44.5 million units valued at N11.1 million. Sterling Bank transacted N24.7 million units valued at N65.7 million.

Access Bank sold 20.9 million units worth N147.4 million. Zenith Bank led the top traded stock by value for the day. The lender's traded 16.6 million units worth N332.8 million.

Transnational Corp of Nigeria Plc completes the top five traded stock for the day. The company sold 16.3 million shares valued at N18.3 million.

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