The Nigerian Stock Exchange (NSE) saw its second decline for the week on Wednesday, closing with a 0.04 percent loss, attributed to profit-taking in the shares of GUARANTY TRUST BANK PLC, which declined 1.8% and FBN HOLDINGS PLC which lost 1.4%.
The All-Share Index declined by 0.04% or 14.68 basis points to close at 38,706.13 basis points from 38,720.81 basis points obtained on Tuesday.
Likewise, the Market Capitalization declined by 0.04 percent or 8 billion Naira from yesterday’s N20,259 trillion Naira to close today at N20,251 trillion.
The total volume of trades declined by 19.7% to 177.40 million units, valued at N2.68 billion and exchanged in 4,103 deals where 13 stocks posted gains, while 12 stocks declined.
GUARANTY TRUST BANK PLC was the most traded stock by volume and value at 34.20 million units and N957.80 million, respectively.
CORONATION INSURANCE PLC upped 10.0% and SFS REAL ESTATE INVESTMENT TRUST followed with 9.94% gains, while NCR (NIGERIA) PLC fell 9.7% and NEIMETH INTERNATIONAL PHARMACEUTICALS PLC was next with 9.1% loss.
Performance across sectors was broadly mixed as The Insurance index dipped 1.0% and Banking fell 0.4%, while the Oil & Gas index was the lone gainer by 1.3%.
The Industrial Goods and Consumer Goods indices closed flat.
Amaka E. Nliam
