Stocks market down by N83bn

Transactions on the floor of the Nigerian Stock Exchange (NSE) depressed yesterday by N83 billion as many companies depreciated in value.

The market value dropped from N10.215 trillion to N10.132 trillion, representing 0.82 per cent.

However, the All Share Index depreciated by 249.88 points from 30,614.93 points to end yesterday with 30,365.05 points.

Market turnover closed negative as volume moved southwards by 0.67 per cent, against 25.25 per cent decline recorded in the previous session.

Union Diagnostic Plc, Zenith Bank Plc and FBN Holdings Plc were the most active to boost market turnover.

The NSE Insurance Index recorded 0.26 per cent gain to emerge the most supportive sectoral index among others, while the NSE Consumer Goods Index emerged as worst hit to close with 1.48 per cent loss.

Market breadth closed positive as Oando Plc led 16 gainers against 27 losers topped by Julius Berger Nigeria Plc at the end of the trading session which was an unimproved performance, compared with previous outlook.

Oando Plc appreciated by of 5.00 per cent to close at N14.91 kobo per share, followed by Ikeja Hotel Plc with 4.94 per cent gain to close at N4.46 kobo, while NPF Microfinance Plc grew by 4.71 per cent to close at N0.89 kobo per share.

Also, Learn Africa Plc rose by 4.50 per cent to close at N1.16 kobo per share and Mobil Oil Plc gained 3.87 per cent per share to close at N155.80 kobo.

On the other hand, Julius Berger Nigeria Plc depreciated by 9.72 per cent to close at N41.61 kobo per share.

Dangote Flour Mills Plc followed with 4.88 per cent to close at N3.51 kobo per share while United Capital Plc lost 4.58 per cent to close at N1.46 kobo per share, Fidelity Bank Plc with 4.51 per cent loss to close at N1.27 kobo per share and African Prudential Plc with 4.29 per cent loss to close at N2.68 kobo per share.