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NSE’s indices down by N2 billion


Despite price gains that outweighed losses, transactions on the trading floor of the Nigerian Stock Exchange closed on a downward note yesterday, causing market capitalisation to depreciate marginally by N2 billion.

Specifically, the market capitalisation of listed equities dropped by N2 billion to N8.819 trillion from N8.812 trillion recorded on Tuesday while the NSE All -Share Index dipped by 15.94 basis points to 25630.62 points from 25646.56 traded the previous day.

Investors exchanged 198.459 million shares worth N1.6 billion in 3538 deals against 237.837 million shares valued at N1.36 billion traded in 3885 deals.

An analysis of the investment for the day showed that Conoil Plc led gainers table increasing by N0.83 kobo to close at N18.10 kobo, Union Dicon followed with a gain of N0.61 kobo to close at N12.89 kobo. Nigerian Breweries Plc appreciated by N0.49 kobo to close at N118.00. Tiger Brand Consumer Goods grew by N0.46 kobo to close at N5.05 kobo while Guaranty Trust Bank surged by N0.34 kobo to close at N18.35 kobo.

Cement Company of Northern Nigeria gained 0.33 kobo to close at N7.04 per share. Campion added 0.14 kobo to close at N2.95 per share. Fidson appreciated by 0.10 kobo to close at N2.14 per share.

Diamond Bank and Air Service garnered 0.08 kobo to close at N1.69 and N1.85 per share.

On the contrary, Total Nigeria Plc topped losers chart, dropping by N1.50 kobo to close at N150.41 kobo, Dangote Cement Nigeria Plc trailed with a loss of N1.31kobo to close at N162.52 kobo, Flour Mills Nigeria Plc shed N1.23 kobo to close at N23.76 kobo.

Lafarge Wapco fell by N0.50 kobo to close at N69.00 while UPL shed N0.27kobo to close at N5.15 kobo.

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