The week opened on a negative note on Monday as Equity Investors on the Nigeria Stock Exchange lost N119.16 billion with the market index shedding 0.91% of its value.
The All Share Index declined to 24,954.32 from 25,182.67 on Thursday, the last trading day of the previous week. While the Market Capitalization settled at N13.018 from N13.136 trillion on Thursday.
The loss can be attributed to losses in the share prices of some blue chip companies; Ecobank Transnational Incorporated (ETI) (-7.34%), UBA Plc (-5.19%), Glaxo Smithkline Con. Nig. Plc (-5.33%), Zenith Bank Plc (2.70%), Bua Cement Plc (1.81%) and MTN Nigeria Plc (1.69%) among others.
237,652,864.00 units of shares worth N1,609,494,943.93 exchanged hands in 4,808 deals on Monday. The volume and value of shares traded was down by 29.51% and 52.73% respectively compared to Thursday, which was the last trading day of the preceding week.
On Thursday 337,129,915.00 units of shares worth N3,405,270,895.27 exchanged hands in 3,880.00 deals.
The shares of First Bank Plc was the most traded by volume, with 24,351,160 units of shares worth N128,756,897.85 exchanging hands in 263 deals.
Whereas the shares of Zenith Bank Plc was the most traded by value, with 24,136,028 units of shares worth N392,360,380.55 traded in 580 deals.
All the Indices under our watch declined except the Insurance Index, which rose by 0.88% to close at 136.96.
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Banking Index declined by 1.93% to close at 294.22, Industrial Goods Index dropped by 1.44% to close at 1,175.9, Oil and Gas Index declined by 0.33% to close at 218.59, Consumer Goods Index dropped by 0.03% to close at 425.07
16 equities advanced in prices while 25 declined in prices, (on Thursday, 16 equities advanced in prices while 17 equities declined).
Top five gainers by percentage are Fidson Healthcare Plc (10.00%), Red Star Express Plc (10.00%), Cornerstone Insurance Company Plc (9.80%), Honeywell Flour Mill plc (8.7%) and Unity Bank Plc (8.77%)
Top five decliners are; Prestige Assurance Co.Plc (-10.00%), Neimeth Inter. Pharm. Plc (-9.73%), AIICO Insurance Plc (-9.32%), Ecobank Transnational Inc (-7.34%), and UACN Prop Dev. Co Ltd (-6.73%)
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AIICO Insurance Plc, notified Dealing Members that the company has through its Joint Stockbrokers, Magnartis Finance and Investment Limited and Stanbic IBTC Stockbrokers Limited, submitted an application to NSE for the approval and listing of a Rights Issue of 4,357,770,954 ordinary shares of Fifty Kobo (N0.50) each at Eighty Kobo (N0.80) per share, on the basis of five (5) new ordinary shares for every thirteen (13) ordinary shares held.
The Qualification Date for the Rights Issue was today Monday, 15 June 2020.
Written by;
Ifunanya Ikueze
