NSE: Market capitalisation falls by N16bn as Tuesday trade ends on a bearish note

Trading on the floor of the Nigerian Stock Exchange
(NSE) closed on a bearish note Tuesday, a clear
departure from the positive note on which yesterday’s
trade ended. The All Share Index (ASI) shed 0.13% to
close at 26,660.44 basis point. Market capitalisation
fell by N16 billion, closing at N12.868 trillion. Year to
date, the index is down by 15.18%.
TOP 5 GAINERS
Presco took the prime spot on the gainers chart, rising
to N47.5, indicating a 9.20% appreciation. Guinness
inched up by 9.88% to end the day at N35.6. UBA
climbed up to N7.2, appreciating by 2.86% in the
process. Access Bank equally recorded marginal gain,
increasing by 2.04% to close at N10. UCAP closed
trading at N2.3, representing 4.55% rise.
TOP 5 LOSERS
Dangote Cement topped the rank of losers today,
plunging by 1.41%% to close at N140. NASCON
followed with 5.36% loss, closing at N13.25.
International Breweries ended trading at N9.5, having
depreciated by 5.94%. UPDC Real Estate Investment
Trust fell by 8.99% to end the day at N4.05. WAPCO
completed the top 5 losers, crashing by 2.11% to close
at N13.9.
TOP 5 TRADES
Altogether, 331.916 million shares were traded at the
Monday trading section in 3,358 deals. The value of
the transactions was N4.781 billion.
Access Bank topped the activity chart with 106.851
million shares worth N1.069 billion exchanging hands
in 312 deals. GTB came second with 50.118 million
shares valued at N1.480 billion traded in 138 deals.
Zenith Bank traded 46.635 million shares worth
N873.558 million in 427 transactions. Transcorp
recorded trades estimated at N23.526 million on
24.080 million shares in 108 deals. FCMB completed
the top 5 companies by trade volume with 20.554
million shares valued at N37.597 million in 106 deals.
NEW DEVELOPMENTS
Trans-Nationwide Express Plc
Trans-Nationwide Express Plc announced the
confirmation of the appointment of Mr. Theodore
Chikelu as the new Managing Director/CEO of the
company. His appointment took effect from 12
December 2019.
Mr Chikelu is a Bachelor’s degree holder in Geography
from University of Nsukka (1987) and a Master’s
degree holder in Public Administration from the same
university (1991). He worked briefly in the civil service
with the National Directorate of Employment, then the
oil servicing industry before moving to aviation with a
focus on regional commercial expansion/cargo and
courier development in more than six Nigerian airlines
including Bellview Airlines, Aero Contractors of Nigeria
and Arik Airlines.
He joined Trans-Nationwide Express Plc in October
2018 as the Chief Operating Officer and assumed the
position of the Acting CEO in December 2018.
Seplat Petroleum Development Company Plc
Seplat Petroleum informed the Exchange today of the
Court Order sanctioning the Scheme of Arrangement
enabling Seplat Petroleum to acquire the entire issued
and to be issued ordinary share capital of Eland Oil
and Gas Plc. According to the statement, “the Scheme
has now become Effective and the entire issued and
to be issued ordinary share capital of Eland is wholly
owned by Seplat.”