Stock market trading ends in red, records 0.06% loss

As investors continue to shun the nation’s capital market, amidst the unfriendly economic scenario in the country, the Nigerian Stock Exchange(NSE)ended today’s trading on the negative.

The All Share Index contracted by 0.06 percent as it closed at 25,318.41. A total of 2,558 deals involving 202,432,468 stocks valued at N1,615,751,299.37 were traded. The market capitalisation closed at N8.715trn on the last Monday in November.

Forte Oil lost N3.14 or 5 percent to close with N59.66. UACN shed 85k from N17 as it ended the day at N16.15 representing 5 percent loss. Total lost 40k and ended the day at N245.45, meaning 0.16 percentage loss.

Zenith Bank shares dropped to N13.50 from N13.80, a 30k loss which represents 2.17 percent. Stanbic IBTC completed the top 5 declines as it closed at N14.44 having lost 21k or 1.43 percent.

Mobil Oil led the gainers club closing with N219.41, as it appreciated by N10.44 representing 5 percent growth. GTB gained 38k to close the day at N21.89 meaning 1.77 percaentage growth. Ecobank Transnational moved upward by 30k or 3.16 percent to close at N9.80, while NASCON Allied Industry shares appreciated by 16k and closed the day at N7. That shows 2.34 percentage growth.

Banking sector again dominated the top traded stocks as WEMA traded 75,361,307 stocks valued at N39,190,629.99. Access Bank followed with 22.9m shares valued at N131.56. Zenith Bank traded 14.77 sticks which were valued at N199.72.

FCMB sold 14.29 stocks with a value of N15.14 for the day while FBNH sold 13.5 shares at a cost of N41.29 for the day.