NSE indices sustain sliding profile, down by 0.4 per cent
Despite price gains that outweighed losses, transactions on the trading floor of the Nigerian Stock Exchange (NSE) sustained sliding profile yesterday, as the All-share index depreciated further by 0.4 per cent.
Yesterday, 27 stocks that appreciated in price were not strong enough to push the indices.Specifically, Julius Berger led 19 others on the losers chart with 5.00 per cent to close at N32.49 per share while SCOA followed with 4.97 per cent to close at N3.25 per share.
Cadbury lost 4.97 per cent to close at N11.47 per share. Morison dropped 4.65 per cent to close at N0.82 per share. Stanbic IBTC shed 4.33 per cent to close at N38.27 per share.
AG Leventis depreciated by 4.23 per cent to close at N0.68 per share. John Holt lost 3.77 per cent to close at N0.51 per share. First Aluminium shed 3.51 per cent to close at N0.55 per share.
Unity Bank dropped 3.39 per cent to close at N0.57 per share. Livestock also lost 3.23 per cent to close at N0.90 per share.On the other hand, Continental Reinsurance topped the gainers chart with 5.00 per cent to close at N1.47 per share.
NPF Microfinance Bank followed with 4.46 per cent to close at N1.17 per share. Fidson added 4.38 per cent to close at N3.34 per share. Jaiz Bank gained 4.05 per cent to close at N0.77 per share.
Transcorp added 4.00 per cent to close at N1.30 per share. AIICO appreciated by 3.70 per cent to close at N0.56 per share. Skye Bank added 3.39 per cent to close at N0.61 per share.
Dangote Flour appreciated by 3.23 per cent to close at N6.40 per share. Cutix gained 2.88 per cent to close at N2.50 per share. BOC Gases also added 2.86 per cent to close at N3.60 per share.
Market capitalisation slide by N43 billion or 0.4 per cent from N12.280trillion recorded on Wednesday to N12.237trillion while the All-share index dropped by 124.51 points from 35,629.13 to 35,504.62.
The banking subsector maintained 75 million shares in 735 deals while personal household products subsector followed with 8.7 million units in 405 deals. In all, investors exchanged 266 million shares in 2,263 deals.