Exchange’s indices depreciate further by N1 billion



The announcement by MSCI index provider that it could remove Nigeria from its frontier market index has continued to take toll on the Nigerian Stock Exchange, as equities transactions drops further by N1 billion.

Specifically, at the close of trading yesterday, market capitalisation of listed equities depreciates further by N1 billion or 0.01 per cent, from N8.475 trillion posted on Tuesday to N8,474 trillion.

Also, the All-share index slides by 1.57 points from 24,639.48 to 24,637.91.
Nestle emerged the day’s highest price loser with 30 kobo to close at N645 per share. Mobil followed with 11.99 kobo to close at N150.00 per share.

Betaglas lost 2.27 kobo to close at N43.23 per share. Okomuoil dropped 1.21 kobo to close at N30.04 per share. Flourmills depreciated by 0.29 kobo to close at N20.00 per share.
On the other hand, Nigerian Breweries topped the gainers chart with 1.99 kobo to close at N16.99 per share.

Guaranty Trust Bank followed with 0.62 kobo to close at N14.83 per share. Presco added 0.41 kobo to close at N35.01 per share. Oando gained 0.26 kobo to close at N4.52 per share.
Access Bank also garnered 0.15 kobo to close at N3.71 per share.
Investors exchanged 162.3 million shares worth N1 billion in 3,079 deals. This volume was, however, lower than a turnover of 6.96 million worth N7.16 billion in 3,440 deals.

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