NSE all-share index plummets further by 0.9%

Equity transactions on the Nigerian Stock Exchange (NSE), continued on a downward note yesterday, as more blue chip stocks joined the league of losers, resulting to a further slide in the All-share index by 0.9 per cent.

Specifically, at the close of trading yesterday, 48 stocks depreciated in price as Mobil Oil emerged the day’s highest price loser with 6.00 kobo to close at N210.00 per share, while Unilever trailed with 2.10 kobo to close at N45.35 per share.

Flourmills depreciated by 1.60 kobo to close at N32.40 per share. Zenith Bank lost 1.45 kobo to close at N31.20 per share. Julius Berger shed 1.35 kobo to close at N27.30 per share. Cement Company of Northern Nigeria lost 0.75 kobo to close at N18.75 per share.

Cadbury depreciated by 0.65 kobo to close at N14.85 per share. Dangote Flour shed 0.50 kobo to close at N16.10 per share. Union Bank and United Bank for Africa loss 0.30 kobo to close at N8.25 and N12.05 per share respectively.

On the other hand, 18 stocks constituted the gainers’ chart, led by Stanbic IBTC, and Dangote Sugar Refinery with 1.00 kobo each to close at N47.00 and N22.00 per share respectively, while PZ Cussons followed with 0.35 kobo to close at N24.00 per share.

Redstar Express added 0.25 kobo to close at N5.75 per share. Eterna Oil gained 0.20 kobo to close at N5.88 per share. Fidson gained 0.19 kobo to close at N4.90 per share. Caverton added 0.18 kobo to close at N2.78 per share.

Okomu Oil appreciated by 0.10 kobo to close at N72.50 per share. UACN gained 0.05 kobo to close at N17.05 per share. Prestige Assurance garnered 0.04 kobo to close at N0.56 per share.

The All-share index fell by 384.42 points or 0.9 per cent to 43,877.30 from 44,261.72 achieved on Monday, while market capitalisation depreciated by N138billion from N15.883trillion to N15.745trillion.

Lasaco insurance dominated in volume terms with 182 million shares worth N58million, while First City Monument Bank accounted for 90 million units worth N258million.

Skye Bank traded 79 million shares worth N101million. TransNational Corporation exchanged 66 million shares worth N144million. FBN Holdings exchanged 39 million shares worth N513million.