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Bears return as equity market sheds N15bn

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Activities of the domestic equities at the Nigerian Exchange yesterday returned to negative run, shedding N15 billion.

Market capitalisation of listed equities declined by 0.06 per cent to N26.517 trillion from N26.532 trillion reported the previous day. The NGX All Share Index also depreciated by 27.87 basis points to 49161.45 points from 49189.32 points recorded on Monday.

Investors exchanged 139.240 million shares valued at N1.604 billion in 3421 deals against 119.283 million shares cost N854.755 million in 3580 deals.

A review of the transactions showed that NGX group led gainers table during the day, increasing by 10 per cent to N19.80, Multiverse followed with a gain.of 10.00 per cent to N3.41, Eterna Plc added 9.91 per cent to N6.32, Courtvellle Business Solutions increased by 8.89 per cent to N0.49, Champion Breweries up by 8.53 per cent to N3.69.

On the contrary,

May and Baker topped losers chart, dropping by 9.79 per cent to N3.50, Regal Insurance trailed with a loss of 7.69 per cent to N0.24, Vitafoam Nigeria Plc fell by 6.98 per cent to N20.00, Unilever Nigeria Plc down by 5.38 per cent to N12.30 while Glaxo Smith dipped by 5.08 per cent to N5.60.

The result further showed that

Transnational Corporation of Nigeria was the most active stock during the day, exchanging 38.462 million shares valued at N38.986 million, Zenith Bank followed with account of 35.273 million shares cost N710.832 million, FCMB group traded 30.185 million shares worth N105.609 million, Vitafoam Nigeria Plc traded 18.129 million shares cost N36.276 million, Linkage Assurance traded 8.889 million shares cost N4.178 million.

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