NOV 27, 2018: ALL SHARE INDEX TUMBLES AT NIGERIAN STOCK EXCHANGE

The All share index at the Nigerian Stock Exchange Tuesday November 27, tumbled by 359.79 points or 1.14% to 31,173.71 through combined dominance of decline and top weighted equities amongst the crowd.

At 23, price losers almost outnumbered 14 price gains 2:1 but to boot Seplat Petroleum, 11 Plcshed  and Dangote Cement, top weighted by market capitalisation led the road down.

Seplat paced with a hefty N62.7 or 9.61% per  share decline as it found and closed at N590 per share from N652.7 previously while witnessing 27 deals for 0.211m shares worth N124.801m.

DangCem trailed from a distance with N2 or 1.03% per share drop as 36 deals were struck that involved exchange of 0.065m of its shares for N12.592m.

In between both though, 11 plc shed N5 or 3.03% per share to clock 9 deals for 0.030m shares valued at N4.861m.

There were 2 other major drops: Forte Oil shed N1.9 or 9.90% per share while 0.493m shares were exchanged in 84 deals worth N8.614m and PZ Cussons rose by N1.15 or 9.83% per share as 61 deals involving 0.607m units were struck for N6.555m.

On the less crowded gainers side, lead gain was Beta Glass' N6.2 or 9.98% per share again as it found and closed at N68.3 from N62.1 per share previously. It recorded only 9 deals for 0.059m shares worth N4.021m.

It was followed by top priced Nestle Nigeria as it gained N5 or 0.34% per share while 46 deals were sealed involving 0.371m units worth 2nd ranked N551.410m.

A third major price gain was by CAP Plc which actually topped gainers on Monday. This time it rose by N3 or 9.39% per share as 19 deals resulted in the exchange of 0.365m shares for N12.044m.

Trading activities recovered. A total of 3121 deals for 182.228m shares worth N2.754bn were sealed compared to 2911 deals involving 104.868m units worth N1.941bn on Monday.

Cement Company of Northern Nigeria , down N0.15 per share, paced both traded volume and value as it recorded 43 deals for 37.937m shares valued at N682.874m.

Much the same way, FBN Holdings, down N0.15 per share as well, led number of deals struck with 242 that led to the exchange of 12.060m of its shares for N88.210m.

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