NSE index slips by 0.38%

By Bamidele Ogunwusi  –  Correspondent, Lagos


The free fall on the floor of The Nigerian Stock Exchange (NSE) continued on Thursday when two of the basis indicators, the All Share Index and market capitalisation, closed southward when they shed   0.38 percent each.

The All Share Index shed 133.26 basis points or 0.38 percent to close at 34,832.62 as against 34,965.88 points recorded previous day, while market capitalization went down by N58.407 billion to close at N11.856 trillion as against N11.914 trillion recorded on Wednesday.

Meanwhile, investors traded in a total of 719.744 million shares, valued at N3.856 billion in 4,494 transactions as against 290.808 million shares, valued at N3.726 billion in 4,659 transactions recorded on Wednesday with the financial services sector accounting for a total of 626.616 million shares, valued at N2.871 billion in 2,560 transactions as against 227.280 million shares, valued at N2.242 billion in 2,449 transactions recorded the previous day.

However, the banking sub-sector of the financial services sector closed after investors traded in a total of 196.543 million shares, valued at N2.118 billion in 1,550 transactions as against 168.681 million shares, valued at N1.995 billion in 1,413 deals recorded on Wednesday.

Breweries’ major, Guinness Nigeria, led 26 others on the advancers’ table on Thursday when it appreciated by N10.18, followed by petroleum marketer, Mobil Nigeria, which gained 344 kobo to close trading at N163.99 per share, UAC of Nigeria added 163 kobo to close at N41.00 per share, Ecobank Transnational Incorporated grabbed 91 kobo to close at N20.50 per share, while the share price of Union Bank Nigeria increased by 70 kobo to close at N10.80 per share, among others.

Another breweries’ major, Nigerian Breweries led the decliners’ table when it lost 839 kobo to close at N159.61 per share, followed by Seplat Petroleum Development Company, which dropped 542 kobo to close at N398.83 per share, Conoil dropped 150 kobo to close at N38.00 per share, building materials’ Lafarge Cement WAPCO shed 100 kobo to close at N92.00 per share, while its peer- Dangote Cement depreciated by 90 kobo to close at N179.10 per share, among others.

Source : Independent

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