Nigerian Stock Exchange index declines by 0.6%

Nigerian Stock Exchange market set to hit N10trn mark

Trading on the equity sector of the Nigerian Stock Exchange closed on a downward note yesterday, major blue chip companies suffered price loss, causing the All-share index to depreciate by 0.6 per cent. The Guardian reports.

Yesterday, market capitalisation dropped by N50 billion from N8,897 recorded on Tuesday to N8,845 trillion(0.6 percent drop) while the All-share index slides by 150.08 points from 25,865.50 to 25,715.42.0

Nestle topped the gainers chart with 1.68 kobo to close at N680.00 per share. West African Portland Company followed with 1.62 kobo to close at N73.00 per share. Unilever gained 1.53 kobo to close at N32.24 per share.

However, FO emerged the day’s highest price loser with 3.46 kobo to close at N190.00 per share while Dangote Cement followed with 2.57 kobo to close at N169.00 per share. PZ Cussons shed 1.12 kobo to close at N21.3 per share. Eco bank TransNational Incorporated shed 0.8 kobo to close at N14.7 per share. Flourmills also dropped 0.7 kobo to close at N20.3 per share.

FBN Holdings dominated in volume terms with 117 million shares worth N413.3 million while United Bank for Africa followed with 33 million units valued at N115.8 million. Fidelity Bank sold 32 million shares worth N34 million.

Investors exchanged 330.5 million shares worth N2.3 billion, against 230.12 million units, valued at N1.50 billion transacted in 3,474 deals.


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