NSE’s All-share index depreciates by 0.2 per cent

Nigerian Stock Exchange

Nigerian Stock Exchange

Following price losses incurred by most bluechip companies, equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) closed on a downturn yesterday, as the All-share index depreciates by 0.2 per cent.

Yesterday, the All-Share Index lost 46.80 points or 0.17 per cent to close at 27,697.12 against 27,743.92 achieved on Wednesday.

Also, the market capitalisation which opened at N9.538 trillion lost N16 billion to close at N9.522 trillion.

On the price movement chart, Mobil led the losers’ chart, dropping by N2.05 to close at N130 per share. GT Bank trailed with a loss of 99k to close at N21, while UACN dipped 55k to close at N26.45 per share.

Stanbic IBTC shed 50k to close at N17.50 and Zenith Bank dropped 29k to close at N15.61 per share.

On the other hand, Guinness led the gainers’ table, growing by N6 to close at N126 per share. Nestle followed with a gain of N2 to close at N810, while Unilever chalked up 98k to close at N38 per share.

Okomuoil improved by 67k to close at N27 and Nigerian Breweries increased by 30k to close at N117 per share.

Investors at the Nigerian Stock Exchange (NSE) on bought and sold 167.47 million shares worth N2.32 billion transacted in 2,625 deals.

This was in contrast with 203.82 million shares valued N2.75 billion traded in 2,408 deals on Wednesday.

Zenith was investors’ delight with an exchange of 33.98 million shares worth N540.27 million traded in 279 deals. GT Bank came second with a total of 29.07 million shares valued N623.83 million transacted in 230 deals, while FBN Holdings sold 14.97 million share worth N75.03 million in 286 deals.

Continental Reinsurance accounted for 12.69 million shares valued N11.98 million in 25 deals and Transcorp traded 11.66 million shares worth N20.57 million exchanged in 103 deals.

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