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NSE re-opens bearish, index down by 0.3 per cent


Nigerian Stock Exchange

Following price losses suffered by major highly capitalised stocks, transactions on the Nigerian Stock Exchange re-opened on a downward note, as the All-share index fell by 0.3 per cent.

Yesterday, market capitalisation depreciated by N37billion from N13.009trillion on Friday to N12.972trillion. Also, the All-share index dropped by 115.13 points or 0.3 per cent from 37,365.91 to 37,250.78.

Mobil led the losers’ chart with 2.10 kobo to close at N 167.90 per share while Guinness followed with 2.00 kobo to close at N100.00 per share. Stanbic IBTC lost 1.99 kobo to close at N40.00 per share.


Flour Mills depreciated by 1.00 kobo to close at N34.00 per share. Unilever dropped 0.86 kobo to close at N40.04 per share. Ecobank TransNational Incorporated lost 0.51 kobo to close at N16.46 per share.

Air Service shed 0.30 kobo to close at N5.85 per share. Custodian and Allied dropped 0.10 kobo to close at N3.90 per share. Access Bank shed 0.06 kobo to close at N9.71 per share. First City Monument Bank shed 0.05 kobo to close at N1.07 per share.

Nigerian Breweries topped the gainers’ chart with 1.10 kobo to close at N131.17 per share. Forte Oil followed with 1.00 kobo to close at N41.00 per share. PZ Cussons added 0.87 kobo to close at N23.87 per share.

Dangote Sugar Refinery appreciated by 0.57 kobo to close at N17.81 per share. National Salt Company of Nigeria appreciated by 0.50 kobo to close at N15.60 per share.

WAPIC emerged investors’ delight in volume terms with 650 million shares worth N325million while Tantalizers followed with 43 million units valued at N21million. Fidelity Bank accounted for 31 million shares worth N54million.

Zenith Bank traded 25 million units valued at N636million. TransNational Corporation exchanged 19 million units worth N26million.
Overall, investors exchanged 942 million shares worth N4.7billion in 3,868 deals.

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Nigerian Stock Exchange
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