Transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday sustained declining profile as investors wealth depreciated by N7 billion.
Specifically, the market capitalisation of listed equities dropped by 0.05 per cent to N13.791 trillion from N13.791 trillion traded the previous day.
Also, the NSE All Shares Index went down by 22.23 basis points to 41767.33 points from 41789.56 points traded on Wednesday. A review of the investment during the day showed that investors purchased 182.204 million shares worth N3.262 billion in 4105 deals against 192.114 million shares valued at N1.826 billion traded in 4477 deals.
A breakdown of the trading for the day showed that 7UP Bottling Company Plc led the gainers table, appreciating by N11.70 kobo to close at N126.78 kobo, Glaxosmith followed with a gain of N2.49 kobo to close at N65.99 kobo while Mobile, Lafarge Wapco and Zenith International Bank advanced by N2.00, N1.80 kobo and N0.48 kobo respectively to close at N177.00, N120.01 kobo and N24.98 kobo.
On the contrary, Nestle Nigeria Plc topped losers chart, dropping by N15.00 to close at N1079.99 kobo, Total Nigeria Plc trailed with a loss of N1.00 to close at N181.02 while Guinness Nigeria Plc fell by N1.00 to close at N190.00. Other stocks that depreciated in price were Guaranty Trust Bank and Cap Plc which shed N0.62 kobo and N0.52 kobo respectively to close at N28.88 kobo and N39.00.
Further breakdown of the investment indicated that financial service sector was the led activities in volume terms for the day, exchanging 134.416 million shares worth N1.120 billion in 2093 deals. Banking sub sector was the most active in the sector, trading 86.385 million shares worth N904.976 million in 1370 deals.
Access Bank was toast of investors in the subsector, exchanging 20.436 million shares valued at N196.965 million in 100 deals while Fidelity Bank sold 15.228 million shares cost N29.996 million in102 deals. Other financial Service boosted by FCMB took second position in the subsector, selling 30.710 million shares valued at N202.715 million in 856 deals.
Conglomerates sector enhanced by Transnational Corporation of Nigeria (Transcorp) followed in daily activities having traded 10.740 million shares worth N72.419 million in 289 deals.