Nigerian equities market l o st about N77bn yesterday as only 18 stocks gained against 26 losers.
Total Nigeria plc, Forte Oil plc, Nigerian Breweries plc, Ecobank Transnational Incorporated plc, and Flour Mills Nigeria plc respectively led other losers at the bourse.
On the gainers’ chart, Conoil plc, GlaxoSmith-Kline Consumer Nigeria plc, Unilever Nigeria plc, PZ Cussons Nigeria plc and Berger Paints plc occupied topmost position on the gainers table.
Total Nigeria plc lost N8.1 to led the losers’ table from a high of N165 toN156.9; followed by Forte Oil plc which dipped by N4.5, from N157.5 to N153.
Nigerian Breweries plc also declined from N156.9 to N153.53, losing N3.37.Ecobank Transnational Incorporated plc lost N2.26, from N23.27 to N21.01; while the share price of Flour Mills Nigeria plc declined from N36.95 to N35.5, after losing N1.45.
The equities market closed yesterday on a negative note, as Nigerian Stock Exchange (NSE) All Share Index (ASI) depreciated by 0.66 percent to close at 34,115.49 points from 34,341.88 points.
The Year-to-Date (YtD) returns stood at -1.56 percent.
Market Capitalisation of listed equities also dipped from N11.662trn to N11.585trn, losing N77bn.
In 4,364 deals, equity dealers exchanged 525,930,598 units valued at N3.289bn.
Conoil plc occupied the topmost position on the gainers list after adding N1.9, from N38.02 to N39.92; GlaxoSmithKline Consumer Nigeria plc gained N1, from N54 to N55.
Unilever Nigeria plc gained N1, from N43 to N44. PZ Cussons Nigeriaplc rallied from N28 to N28.98, adding N0.98; while Berger Paints plc gained N0.48, from N9.52 to N10.
Brent crude futures rose toward $66 on Tuesday, lifted by a weaker dollar and the Yemen conflict, but concerns of oversupply weighed on prices amid news of record high output from Saudi Arabia in April and Iraqi plans for record exports in June.
June Brent crude was up 88 cents at $65.79 a barrel by 1352 GMT, easing back from an intraday high of $66.45 a barrel. June West Texas Intermediate (WTI) rose 58 cents to $59.83 a barrel, after touching $60.55 a barrel earlier in the day.
In their corporate action released at the NSE yesterday, eTranzact International plc announceda final dividend of 5kobo per share.
The qualification date for shareholders is June 19, 2015 while the closure of register for dividend is from June 22–26, 2015 (both dates inclusive).
The payment date for the final dividend is Augus 6, 2015.
On the regulatory front, the Nigeria’s capital market apex regulator –the Securities and Exchange
Commission (SEC) has directs all capital market operators to update their registration information
Source : BusinessDay