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
