Mobil Oil Leads Losers’ Chart On NSE


Mobil Oil on Thursday, topped the losers’ chart on the Nigerian Stock Exchange (NSE) dropping by N7.95 to close at N152.05 per share.


The News Agency of Nigeria (NAN) reports that Unilever trailed on the losers’ chart, dropping by N2 to close at N38, while Okomu Oil lost N1.25 to close at N26 per share.


Lafarge Wapco dropped N1 to close at N91 and Zenith Bank dipped 77k to close at N22.05 per share.


Consequently, the All-Share Index lost 36.0c points or 0.10 per cent to close at 34,493.37 against 34,529.46 posted on Wednesday.


Also, the market capitalisation which opened at N11.766 trillion lost N12 billion to close at N11.754 trillion due price depreciation.


On the other hand, Forte Oil topped the gainers’ table, increasing by N5.65 to close at N198.75 per share.


It was followed by Nigerian Breweries with a gain of N1.80 to close at N153, while PZ Cussons advanced by N1.40 to close at N29.75 per share.


Dangote Cement grew by N1 to close at N175, while Oando Plc rose by 63k to close at N19.96 per share.


NAN also reports that the volume of shares traded appreciated by 58.1 per cent with a total of 542.23 million shares valued N3.56 billion traded in 5,221 deals.


This was in contrast with the 342.91 million shares worth N3.49 billion transacted in 5,668 deals on Wednesday.


Wapic Insurance emerged the most traded equity with 145.06 million shares valued N79.68 million.


Transcorp came second with a total of 90.59 million shares worth N285.83 million sold, while United Bank for Africa sold 88.50 million shares valued N500.35 million.


Source : Leadership

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