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Equities Market Closes Flat Amid Investors Sentiment Trading

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The Nigerian Stock Exchange (NSE) closed flat on Wednesday due to cautious trading.

The NSE All-Share Index closed at 28,344.33 basis points compared with 28,344.04 basis points recorded on Tuesday.

Consequently, the market capitalisation  which opened trading at N14.814 trillion appreciated by N1billion to close at N14.815 trillion.

The performance was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Guinness, Guaranty Trust Bank, Eterna, Lafarge Africa and Africa Prudential.

The market breadth closed positive with 14 gainers against 11 laggards.

Eterna drove the gainers’ chart in percentage terms, improving by 9.82 per cent to close at N4.81per share.

Academy Press trailed with 7.41 per cent to close at 29k, while Africa Prudential rose by 5.75 per cent to close at N5.70 per share.

Cornerstone Insurance and PZ Cussons appreciated by five per cent each, to close at 63k and N4.20, per share respectively.

Conversely, eTranzact led the laggards’ chart in percentage terms, dropping 9.91 per cent to close at N1.91 per share.

Wema Bank dipped 5.17 per cent to close at 55k, while Courteville shed 4.76 per cent to close at 20k per share.

FCMB Group lost 3.83 per cent to close at N2.26, while Ardova depreciated by 3.61 per cent to close at N12 per share.

 

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