Investors today lost N46.2 billion on the stock market, as value of shares (capitalisation) on the Nigerian Stock Exchange, NSE, fell to N14.92 trillion from N14.96 trillion yesterday.
Similarly, the NSE All-Share Index closed today at 28,546.22, down by 0.31 percent from 28,634.35 yesterday .
The downward trend according to analysts at Afrinvest Securities Limited was due to persistent sell pressures prompted by sustained profit-taking by investors. The decline in the market capitalisation was driven by price depreciation in DANGCEM (-4.8%), NIGERIAN BREWERIES (-7.1%) and BUACEMENT (-0.8%).
The most traded stocks by volume were ETERNA (112.9m units), ZENITH (74.2m units) and ACCESS (57.1m units) while ZENITH (₦1.5bn), GUARANTY (₦578.7m) and ACCESS (₦449.2m) led by value.
Airtel Africa led the gainers’ table with a gain of 10% to close at N410.20 per share while Unilever followed with a gain of 1.2% to close at N13.5 per share.
On the other hand, Ellah Lakes (BLS) led the price losers’ table, dropping 0% to close at N4.25 per share while Resortal (MRF) followed by 0% to close at 2 kobo per share.