Markets

FBNH, Seplat, Dangote Sugar halt Nigerian equity market uptrend

The Nigerian equity market reversed its rally on Tuesday on the back of loss suffered by FBNH, Seplat, Dangote Sugar and other stocks.

The All Share Index closed at 25,597.96 against the previous close of 25,605.59, while Market Capitalization closed at ₦13.354 trillion against previous close of ₦13.358 trillion, taking the Year-to-Date return to -4.63%.

Volume traded decreased by 4.63% from 257.028 million to 245.139 million, while the total value of stock traded decreased by 9.25% from ₦3.320 billion to ₦3.013 billion in 3,597 deals.

The Financial Services sector led the activity chart with 198.016 million shares exchanged for ₦2.567 billion, while the agricultural sector followed with 14.612 million shares traded for ₦0.069 billion, Consumer Goods, Conglomerates, Oil And Gas sectors followed in that order on the activity chart.

FBNH, GTBank, Zenith Bank, Stanbic Bank and Access Bank were the most active stocks by volume. Ikeja Hotel, UAC-Prop, Cornerst, Japauloil and WAPCO emerged the highest price gainers on the chart, while NPFMCRFBK, UNIONDAC, REDSTAREX, NAHCO and Oando topped the losers’ chart.

By Dayo Kiladejo

Adewale Nurudeen