Nigerian stocks closed on a negative today, as the All Share Index (ASI) dipped by 1.87% to close at 24,056.12. This is a consecutive slump, after the ASI finished on a negative yesterday with a 1.26% drop.
The decline in stocks may be attributed to the fact that investors are trying to sell their shares due to a decline in the value of the naira. The Naira has been depreciating against the dollar due to scarcity as the CBN is tightening control.
Here is a snapshot of today’s trading;
ASI: 24,056.12
DEALS: 2,847.00
VOLUME: 335,612,027.00
VALUE: 1,952,366,020.54
CAP: 8,273,348,795,719.78
Here are the top gainers for the day;
SEPLAT gained 5% to close at N274.37
NPFMCRFBK gained 4.85% to close at N1.08
NAHCO gained 4.82% to close at N3.70
MAYBAKER gained 4.76% to close at N0.88
NEM gained 4.23% to close at N0.74
Here are the top losers fot the day;
NNFM lost 9.52% to close at N6.65
UNILEVER lost 4.99% to close at N27.98
LEARNAFRCA lost 4.88% to close at N0.78
OANDO lost 4.76% to close at N3.60
GUINNESS lost 4.45% to close at N115.42
FCMB lost 4.44% to close at N0.86
DANGCEM lost 4.23% to close at N139.83
ASHAKACEM lost 4% to close at N24.00
FBNH lost 3.07% to close at N3.79
GUARANTY lost 2.88% to close at N16.18
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.