Profit taking drags NSE index down 0.61%


By Bamidele Ogunwusi



Nigeria Stock Exchange

Nigeria Stock Exchange

Profit taking continued on the floor of The Nigerian Stock Exchange (NSE) on Tuesday as trading closed negative when two of the basis indicators, the All Share Index and market capitalisation went down by 0.61 percent each.

The All Share Index shed 213.76 basis points or 0.61 percent to close at 34,507.85 as against 34,721.61 points recorded on Monday, while market capitalization went down by N72.841 billion to close at N11.758 trillion as against N11.831 trillion recorded the previous day.

Meanwhile, investors traded in a total of 354.441 million shares, valued at N3.289 billion in 5,664 transactions 395.164 million shares, valued at N2.696 billion in 4,497 transactions recorded on Monday with the financial services sector accounting for a total of 256.065 million shares, valued at N2.251billion in 3,309 transactions as against 333.182 million shares, valued at N1.458 billion in 2,541 transactions recorded the previous trading day.

However, the banking sub-sector of the financial services sector closed after investors traded in a total of 173.830 million shares, valued at N1.671 billion in 2,109 transactions compared with 82.300 million shares, valued at N789.147 million in 1,505 transactions recorded on Monday.

Food products-diversified major player, Nestle Nigeria, led the gainers’ table when it appreciated by 700 kobo to close at N947.00 per share, followed by 7UP Bottling Company, which gained 690 kobo to close at N170.00 per share, among others.

Source : Independent

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