NSE Moves 454.017m Shares Inspite Of 2.39% Drop In Market Indicators

Investors on the Nigeria Stock Exchange (NSE) traded a total of 454.017 million shares worth N4.42 billion in 4,860 deals on Thursday.


The News Agency of Nigeria (NAN) reports that the volume represented an increase of 15.42 per cent over the 393.369 million shares valued at N5.46 billion exchanged in 3,930 deals on Wednesday.


However, the All-Share Index, which opened at 31,167.54, dropped further by 747 points or 2.39 per cent to close lower at 30,420.54 as a result of price losses by some highly capitalised stocks.


Also, the market capitalisation depreciated by N247 billion or 2.39 per cent to close at N10.071 trillion against the N10.318 trillion attained on Wednesday.


Nestle topped the losers’ chart, depreciating by N47.29 to close at N898.53 per share.


Seplat trailed with a loss of N17.24 to close at N300, while Guinness dipped by N13.22 to close at N128.52 per share.


7UP dropped N7.97 to close at N157.43, while Dangote Cement went down by N4.48 to close at N167 per share.


On the other hand, Total Oil led the gainers’ chart with a gain of N5.62 to close at N152.13 per share.


It was followed by Nigerian Breweries which gained 88k to close at N140.70, while CAP inched by 70k to close at N36 per share.


Lafarge Wapco gained 48k to close at N80.50, while International Breweries rose by 25k to close at N21.25 per share.


FCMB was the most active equity with 172.48 million shares worth N347.05 million exchanged by investors in 254 deals.


ETI came second, accounting for 50.83 million shares valued at N864.03 million in 68 deals, while Access Bank sold 44.29 million shares worth N234.24 million traded by investors in 344 deals. (NAN)

Source : Leadership

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