Nigerian Stocks closed Monday, 8th December lower as the All Share Index lost 0.46% to close at 33,075.8 points. About 36 stocks made the losers chart today compared to ten stocks which gained. The likes of Zenith, Diamond Bank, PZ, Transcorp, Guinness, Oando, Seplat, Nigeria Breweries and most other blue chip NSE 30 stocks all lost grounds today. This was enough to drag the All Share Index lower and record yet another bloody day. I have basically lost count of how many times stocks have hit their year lows. She list of gainers and loses below;
| Gainers for Equities | |||||
|---|---|---|---|---|---|
| S/N | Symbol | 2014-12-05 Closing Price(N) | 2014-12-08 Closing Price(N) | Gain(N) | % Change |
| 1 | FO | 223.99 | 235.18 | 11.19 | 5 |
| 2 | ETRANZACT | 2.21 | 2.31 | 0.11 | 4.98 |
| 3 | ETERNA | 3 | 3.11 | 0.11 | 3.67 |
| 4 | VITAFOAM | 3.89 | 4 | 0.11 | 2.83 |
| 5 | ETI | 17.60 | 18 | 0.4 | 2.27 |
| 6 | AFRIPRUD | 2.9 | 2.95 | 0.05 | 1.72 |
| 7 | HONYFLOUR | 3.16 | 3.2 | 0.04 | 1.27 |
| 8 | UBCAP | 1.6 | 1.62 | 0.02 | 1.25 |
| 9 | MOBIL | 165 | 167 | 2 | 1.21 |
| 10 | UNILEVER | 35.01 | 35.11 | 0.1 | 0.28 |
| Losers for Equities | |||||
| S/N | Symbol | 2014-12-05 Closing Price(N) | 2014-12-08 Closing Price(N) | Loss(N) | % Change |
| 1 | DANGFLOUR | 5.63 | 5.09 | -0.54 | -9.59 |
| 2 | PZ | 31.89 | 29.99 | -1.9 | -5.96 |
| 3 | PORTPAINT | 5.04 | 4.79 | -0.25 | -4.96 |
| 4 | CHAMPION | 8.93 | 8.49 | -0.44 | -4.93 |
| 5 | CAVERTON | 3.5 | 3.33 | -0.17 | -4.86 |
| 6 | MANSARD | 3.72 | 3.54 | -0.18 | -4.84 |
| 7 | TRANSCORP | 3.99 | 3.8 | -0.19 | -4.76 |
| 8 | CCNN | 10.9 | 10.39 | -0.51 | -4.68 |
| 9 | NPFMCRFBK | 0.88 | 0.84 | -0.04 | -4.55 |
| 10 | VONO | 0.95 | 0.91 | -0.04 | -4.21 |
| 11 | CONTINSURE | 1 | 0.96 | -0.04 | -4 |
| 12 | PAINTCOM | 1.53 | 1.47 | -0.06 | -3.92 |
| 13 | THOMASWY | 0.79 | 0.76 | -0.03 | -3.8 |
| 14 | CUTIX | 1.41 | 1.36 | -0.05 | -3.55 |
| 15 | RTBRISCOE | 0.85 | 0.82 | -0.03 | -3.53 |
| 16 | STANBIC | 30 | 29 | -1 | -3.33 |
| 17 | WAPIC | 0.63 | 0.61 | -0.02 | -3.17 |
| 18 | UBN | 8.85 | 8.6 | -0.25 | -2.82 |
| 19 | TOTAL | 162 | 157.5 | -4.5 | -2.78 |
| 20 | GUINNESS | 149.06 | 145 | -4.05 | -2.72 |
| 21 | OANDO | 19.39 | 18.89 | -0.5 | -2.58 |
| 22 | AIICO | 0.82 | 0.8 | -0.02 | -2.44 |
| 23 | IKEJAHOTEL | 3.99 | 3.92 | -7.00 | -1.75 |
| 24 | ZENITHBANK | 18.77 | 18.5 | -0.27 | -1.44 |
| 25 | ENAMELWA | 32.27 | 31.82 | -0.45 | -1.39 |
| 26 | WAPCO | 78 | 77 | -1 | -1.28 |
| 27 | FIDSON | 3.39 | 3.35 | -0.04 | -1.18 |
| 28 | NB | 170.99 | 170 | -0.99 | -0.57 |
| 29 | ACCESS | 7.07 | 7.03 | -0.04 | -0.56 |
| 30 | UAC-PROP | 10.6 | 10.55 | -0.05 | -0.47 |
| 31 | UBA | 4.76 | 4.74 | -0.02 | -0.42 |
| 32 | FCMB | 3.1 | 3.09 | -0.01 | -0.32 |
| 33 | SEPLAT | 380 | 378.85 | -1.14 | -0.3 |
| 34 | NASCON | 7.12 | 7.1 | -0.02 | -0.28 |
| 35 | FBNH | 8.98 | 8.96 | -0.02 | -0.22 |
| 36 | DIAMONDBNK | 5.6 | 5.59 | -0.01 | -0.18 |
Your post doesn’t answer the question WHY?
It does. I said most of the blue chip stocks lost thus dragging the index into red