NSE: 25 Equities Crash Stock Market by 0.05%

By Modupe Gbadeyanka

Activities on the Nigerian Stock Exchange (NSE) finished bearish on Tuesday, reversing the previous day’s rally.

Business Post correspondent reports that the volume of shares traded on the floor of the NSE today dropped compared with what was achieved yesterday.

While investors exchanged a total of 187.7 million shares worth N10.4 billion in 3,055 deals today, they traded 228.6 million units yesterday in 3,228 deals valued at N2.6 billion.

The all-share index finished at 26,217.54 points after shedding 13.83 points or 0.05 percent and the market capitalisation fell by N4.7 billion.

The day’s 13 advancing stocks were led by Nestle, which went up by N29 to close at N749 per share.

Seplat also increased by N15 to finish at N380 per share and Guinness rose by N2.50k to end at N71 per share.

Similarly, UACN progressed by 81k to finish at N17.13k per share and Stanbic IBTC added 66k to end at N16.80k per share.

On the other end, 7up topped the losers’ chart to close at N101.40k per share after depreciating by N5.33k, while Nigerian Breweries trailed with a loss of N2 to end at N142.50k per share.

Likewise, Zenith Bank fell by 55k to close at N15.40k per share, NCR dropped 40k to finish at N7.71k per share, while CUSTODYINS shed 19k to close at N3.63k per share.