NSE Mrkt Cap sheds N35.9b

By Bamidele Ogunwusi  –  Correspondent, Lagos


Trading on the floor of The Nigerian Stock Exchange (NSE) on Wednesday closed in the negative trajectory when both indicators depreciated by 0.26 per cent each.

Market Capitalisation closed at N13.536 trillion after it depreciated by N35.901 billion as against N13.572 trillion it recorded on Thursday last week, while the All Share Index closed at 40,995.02 basis points after it went down by 108.92 points or 0.26 percent as against 41,103.94 points recorded in the last trading day.

Meanwhile, investors bought and sold a total of 408.897 million shares valued at N5.717 billion in 4,678 transactions with the financial services sector accounting for a total of 330.773 million shares valued at N3.331 billion in 2,622 transactions.

The banking sub-sector of the financial services sector was the most active during the day with 245.455 million shares valued at N2.987 billion in 1,844 transactions.

The number of gainers at the close of trading session was 20 as against 24, while 26 were on the decliners’ table.

Conoil, led 19 others on the gainers’ table when it appreciated by 235 kobo to close at N49.36 per share, followed by Nigerian Breweries which collected 214 kobo to close trading at N178.80 per share. Champion Breweries gained 125 kobo to close at N13.60 per share, Guaranty Trust Bank grabbed 49 kobo to close at N30.50 per share; while Ikeja Hotel added 20 kobo to close at N2.20 per share.

Others were Fidson Healthcare which earned 15 kobo, Skye Bank added 13 kobo, National Salt Company of Nigeria appreciated by 12 kobo, while Learn Africa and Academy Press, both gained 6 kobo each, among others.

Breweries’ major player, Guinness Nigeria, led the laggards’ table when it went down by 873 kobo to close at N186.97 per share, followed by Stanbic IBTC which depreciated by 175 kobo to close at N33.25 per share, building materials’ Dangote Cement lost 100 kobo to close at N219.80 per share, Flour Mills of Nigeria shed 70 kobo to close at N61.30 per share, while GlaxoSmithKline Consumer dropped 61 kobo to close at N62.00 per share.

Source : Independent

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