Tradings on the Nigerian Stock Exchange (NSE) closed bearish on Monday, 30th September 2019. This was as a result of major losses suffered by MTN Nigeria Plc, Unilever Plc, SEPLAT Petroleum Plc, Ecobank, and NASCON Allied Industries Plc.  

The NSE All-Share Index (ASI) dips by -0.16% to close at 27,630.56 basis points for the day. Year-to-Date the NSE All-Share Index currently stands at -12.09%. 

The Consumer goods index, Insurance index, Banking Index, Energy Index, and the Industrial Index all appreciated for the day. Contributing 1.26%, 1.85%, 1.56%, 0.35% and 1.85% to the market equity. 

The Equity Capitalization fell by N21.7 billion to close at N13.45 trillion. A total number of 2,910 deals were traded on the floor of the stock exchange market by investors. 

The NSE Market Breadth closed positive with 18 gainers in contrast to 17 losers. Chemical and  Allied Products Plc led the gainers' chart while John Holt Plc tops the losers' table. 

Guaranty Trust Bank led the value and volume activity chart. GTBank traded 58.49 million shares units worth N1.63 billion. Access Bank transacted 50.42 million shares valued at N385.97 million. First Bank of Nigeria ranked in N115.19 million from 21.21 million shares sold for the day. 

Chemical and  Allied Products Plc was the best-performing stock for the day. The stock was up by 9.89% to close at N25.55. Continental Insurance appreciates by 9.52% to close at N2.07. Nigerian Police Force Microfinance Bank rounded up the top three stocks gainers for the day. The lender's stock was up by 9.09% to close at N1.20. 

On the flip side, John Holt Plc was the worst-performing stock for the day. The stock declined by -9.84% to close at 55 Kobo. Ecobank Transnational Inc went down by 9.55% to close at N8.05. UACN Property Development Company Plc completed the top three stocks losers for the day. The stock depreciated by -9.48% to close at N1.05 on Monday.  


Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n21-7bn-in-6-hours-as-sale-pressure-persists/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3.