NSE Equities Trading Close Lower, As Market Indices Dip 4.16%

The market indicators of the Nigerian Stock Exchange (NSE) on Wednesday dipped further by 4.16 per cent, following persisting investors’ sell pressure.


The News Agency of Nigeria (NAN) reports that the All-Share Index declined by 1354.77 points or 4.16 per cent to close at 31,167.54 points, against the 32,522.31 points posted on Tuesday.


Similarly, the market capitalisation which opened at N10.766 trillion, lost N448 billion or 4.16 per cent to close at N10.318 trillion, due to price losses by some blue chip equities.


Seplat led the losers’ chart with a loss of N16.69, to close at N317.24 per share.


Guinness followed, shedding N15.30 to close at N141.74, while Dangote Cement lost N9.02 to close at N171.48 per share.


Nigerian Breweries dipped by N7.35 to close at N139.82, while GTBank dropped N2.36 to close at N21.96 per share.


Conversely, Forte Oil topped the gainers’ chart, gaining N6.78 to close at N231.88 per share.


Presco garnered N2.54 to close at N27.47, while PZ Cussons rose by N1.32 to close at N26.50 per share.


International Breweries went up by 50k to close at N21 and Ashaka Cement appreciated by 11k to close at N21.60 per share.


NAN reports that ETI for the second consecutive day emerged the most traded stock, accounting for 103.03 million shares worth N1.81 billion in 35 deals.


GTBank followed with a turnover of 37.51 million shares valued at N824.64 million in 252 deals, while Zenith Bank sold 36.61 million shares worth N570.55 million in 338 deals.


In all, 393.369 million shares valued at N5.46 billion were traded by investors in 3,930 deals, against the 413.764 million shares worth N5.31 billion traded in 3,764 deals on Tuesday. (NAN)

Source : Leadership

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