NSE index sheds 0.21% as 25 stocks fall

The equities segment of the Nigerian Stock Exchange witnessed a weak bargain on Tuesday, causing the NSE All-Share Index to dip by 0.21 per cent a day after it appreciated by 0.99 per cent.

While the NSE ASI declined by 74.53 basis points or 0.21 per cent from 34,781.46 basis points to 34,706.93 basis points, the market capitalisation of the listed equities was down by N26bn or 0.22 per cent from N11.817tn to N11.791tn.

The NSE 30 Index was also down. It fell by 0.33 per cent to 1,597.31 basis points, while the NSE Consumer Goods Index and the NSE Oil and Gas Index shed 0.6 per cent each to close at 865.41 basis points and 392.79 basis points, respectively.

Also down were the NSE Lotus Islamic Index and the NSE Industrial Index, which declined by 0.22 per cent and 0.96 per cent to close at 2,254.19 basis points and 2,192.29 basis points in that order.

However, the NSE Banking Index rose by 0.07 per cent to 404.39 basis points, while the NSE Insurance Index was up 147.87 basis points.

The NSE Alternative Securities Market Index closed unchanged at 1,213.52 basis points.

A total of 357.234 million shares worth N4.149bn were exchanged by investors in 4,700 deals on Tuesday with 35 stocks recording share price appreciation, while 25 others recorded share price depreciation.

Beta Glass Plc led the gainers, rising by 10.24 per cent or N3.38 to close at N36.38 per share.

Skye Bank Plc and Vono Products Plc gained 9.66 per cent and 8.89 per cent to close at N2.61 and 98 kobo per share, respectively, while May & Baker Nigeria Plc and Wema Bank Plc edged up by 5.95 per cent and five per cent to close at N1.78 and N1.05 per share in that order.

Caverton Offshore Support Group, however, led the losers, shedding 9.46 per cent or 35 kobo to close at N3.35 per share.

It was followed by AG Leventis Plc and Portland Paints and Products Plc, which dipped by 4.94 per cent and 4.67 per cent to close at N1.54 and N3.47 per share, respectively.

RT Briscoe declined by 4.35 per cent to close at 88 kobo per share; followed by Total Nigeria Plc with a 4.07 per cent share price depreciation to close at N150.51 per share.

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