Modupe Gbadeyanka
By Modupe Gbadeyanka
Activities on the floor of the 171-member Nigerian Stock Exchange (NSE) finished in the red zone on Tuesday after reversing the previous day’s rally.
A total of 21 equities depreciated against the 18 stocks that went up and 13 equities that remained on the same spot.
Also, Business Post correspondent reports that Nestle Plc led the stock market to a loss N33 billion at the close of transactions today.
The all-share index, which is the major market indicator, slumped by 95.63 points or 0.36 percent to end at 26,278.20 points, while the market capitalisation declined by N33 billion to close at N9.04 trillion.
Mobil led the advancing stocks on Tuesday after growing by N6.91k to close at N262 per share, while Presco followed with a gain of N1.79k to finish at N43.95k per share.
In the same vein, PZ increased by 46k to end at N14.25k per share, CCNN rose by 20k to close at N4.35k per share and UCAP added 14k to finish at N3.50k per share.
On the other hand, Nestle shed N29 to end at N761 per share, 7up lost N5.35k to finish at N101.65k per share, while Forte Oil declined by N3.28k to close N70.30k per share.
Also, Guinness went down by N2.99k to finish at N67 per share and Nigerian Breweries fell by 80k to close at N141.20k per share.
Shares of Fidelity Bank became investors’ delight at the NSE on Tuesday, accounting for 107.9 million units traded at N99.9 million.
It was closely trailed by shares of Continental Reinsurance Plc, which traded 43 million units valued at N47.2 million and Diamond Bank, which transacted 37.5 million units worth N45.7 million.
Also, investors traded 25.3 million units of Sterling Bank shares at N20.4 million and also exchanged 23 million units of First Bank shares at N84.6 million.
However, in all, stock market investors sold and bought a total of 371.9 million shares today, which were executed in 3,522 deals valued at N1.71 billion.
