SEPT 15, 2017: ALL SHARES INDEX CRASHES 1.84% AT NIGERIAN SE.

The Nigerian stock market today, September 15, 2017 dived by 1.84% to 35,005.57 after two consecutive days of gradual recovery mainly as 29 price drops were recorded compared to only 11 gains.

 The losers were led by Dangote cement down N8.19 per share. Dangote closed Thursday at N213.99, opened at N210, hit a day low of N205 then closed at N205.80.

In Naira terms, it was trailed by Total Nigeria which lost N7.10 per share. Total had opened the day at N235 per share, up slightly on Thursday closing N232.10 but slipped to close at N225 per share.

The third major price drop was recorded by Nigerian Breweries as it opened at N180.20 from Thursday's N180.55, hit a day high of N181 then dropped to N175 per share.

Hence the ASI decrease was driven more by 3.25% decline in premium index to 2239.35 and 2.25% decrease in industrial index to 1942.02.

In % terms however, the downbeat mood was led by Neimeth International Pharmaceuticals down 7.89% or N0.06 per share and recorded 11 deals for 0.333m units worth N0.23m.

It was followed by the duo of Fidson Healthcare and Honey Well Flour with 5% drop each or N0.16 per share for Fidson and N0.10 per share for Honeywell.

Trading was on the low side with traded value coming to N2.955bn, traded volume closing at 160.139m shares and number of deals clocking only 3367.

The deals were scattered and so there were no dominant equities as such either in traded volume or value.


Top traded value was witnessed as 3.67m units of Nigerian Breweries were traded in 10th placed 100 deals worth N661.7m.

It was followed by N362.4m recorded as leading 257 deals involving 9.676m shares were sealed in GTB and by Dangote cement's 91 deals for 1.507m shares worth N309.787m.

Top traded volume was however witnessed by Fidelity bank as 24.59m shares were traded in 127 deals worth N32m followed by FBN Holdings with 2nd placed 260 deals for 14.27m units worth N79.5m 

The 11 gainers for the day had limited impact on indices and were led in Naira terms by International Breweries with N1.42 or 3.78% gain per share and Guinness Nigeria up N1.25 per share or 1.31%.

In % terms, however, small sized Cutix PLC led with 5.0% or N0.13 per share gain followed by Transcorp Hotels up 4.95% or N0.34 per share.

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