Equity Investors on the Nigeria Stock Exchange on Thursday lost N16.885 billion as the market shed 0.13% of its value.
The All Share Index declined to 25,182.67 on Thursday from 25,215.05 the previous day. While the Market Capitalization settled at N13.136 trillion from N13.154 trillion on Wednesday.
The loss can be attributed to losses in the share prices of some blue chip companies; Julius Berger Plc (-6.59%), Nigerian Breweries Plc (-1.18%), OANDO Plc (-7.14%), Caverton Offshore Support Group Plc (-10.00%), UAC of Nigeria Plc (-4.00%) and Wapco Plc (-2.16%) among others.
337,129,915.00 units of shares worth N3,405,270,895.27 exchanged hands in 3,880.00 deals. The shares of Guaranty Trust Bank is the most traded by volume and Value with 81,207,301 shares worth N2,019,959,402.45 traded in 339 deals.
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All the Indices under our watch declined except the Insurance Index, which rose by 0.24% to close at 135.76.
Oil and Gas Index declined by 0.81% to close at 219.31, Banking Index declined by 0.28% to close at 300.00, Consumer Goods Index dropped by 0.24% to close at 425.2 , Industrial Goods Index dropped by 0.19 to close at 1,193.02
17 equities declined in prices while 16 advanced.
Top five gainers are Neimeth (9.83%), Unity Bank (9.62%), ABCTRANS (8.89%), JapaulOil (8.7%) and AIICO (6.31%)
Top five decliners are; Caverton (-10%), Prestige Assurance (-9.09%), Mutual Benefit Assurance (-8.33%), OANDO (-7.14%) and Julius Berger (-6.59%).
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Jaiz Bank Plc released its dividend information on Thursday. The company proposed a final dividend of 3 kobo for the period ended 31 December 2019 per 50 kobo ordinary share.
The qualification date is 26 June 2020 and the payment date is 16 July 2020. The Bank’s registrar is Africa Prudential.
Written by
Ifunanya Ikueze
