NSE mrkt cap loses N114.5b

By Bamidele Ogunwusi

Correspondent, Lagos


Trading activities at the Nigerian Bourse closed on the negative trajectory on Tuesday after two consecutive trading days of closing positive. Both indicators depreciated by 0.84 percent.

The All-Share Index closed at 40.868.02 basis points after it went down by 346.79 points from 41,214.81 points recorded the previous trading day, while equities capitalisation depreciated by N114.510 billion from N13.609 trillion recorded on Monday to N13.494 trillion.

At the close of trading, 27 stocks recorded price appreciation as against 29 on Monday, while 29 others constituted the losers’ table as against 25 recorded on Monday.

However, stockbrokers crossed a total of 1.649 billion shares valued at N46.346 billion in 4,782 transactions as against 479.791 million shares valued at N50.706 billion in 4,168  deals recorded on Monday, while investors bought and sold a total of 234.479 million shares valued at N2.254 billion in 2,288 deals belonging to the financials services sector as against 139.863 million shares, valued at N1.078 billion in 1,993 deals recorded the previous day.

Further analysis of the day’s trading showed that Forte Oil topped the day’s gainers’ table with 701 kobo  to close at N225.00 per share, followed by Flour Mills of Nigeria which added 589 kobo to close at N64.76 per share, Julius Berger grabbed 490 kobo to close at N64.76 per share. Total Nigeria nicked 396 kobo to close at N176.02 per share, while UACN Property Development Company recovered 303 kobo to close at N15.30 per share, among others.

Source : Independent

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