NSE Index Loses 0.46% As Seplat, 15 Others Fall

December 21, 2016
NSE Index Loses 0.46% As Seplat, 15 Others Fall

NSE Index Loses 0.46% As Seplat, 15 Others Fall

By Modupe Gbadeyanka

The Nigerian stock market recorded its third consecutive decline at the end of trading activities on Wednesday with the all-share index falling by 122.76 points or 0.46 percent to end at 26,418.11 points, while the market capitalisation dropped by N42.2 billion to close at N9.089 trillion.

Business Post correspondent reports that 16 equities depreciated in price today, same as the number of stocks that remained unchanged, while 20 equities appreciated in value at the market.

Also today, a total of 421 million shares were transacted on the floor of the Nigerian Stock Exchange (NSE) in 3,937 deals valued at N10.1 billion compared with the 248.7 million shares worth N3.1 billion posted the previous day.

Conoil led the gainers’ chart on Wednesday, appreciating by N1.69k to close at N35.80k per share, while Lafarge trailed with a rise of 99k to end at N40.99k per share.

Likewise, GlaxoSmithKline added 75k to finish at N15.75k per share, Cadbury went up by 40k to end at N11.10k per share and CCNN improved by 21k to close at N4.42k per share.

However, Seplat fell by N19.50k to lead the losers’ table and closed at N370.50k per share, while Forte Oil slumped by N9.22k to end at N85.47k per share.

CAP Plc lost N1.66k to finish at N31.60k per share, Beta Glass sank by N1.52k to end at N28.88k per share and Unilever declined by N1 to close at N35 per share.

Mutual Benefits Assurance Plc became investors’ delight on Wednesday emerging the most traded equity in terms of volume, accounting for a total of 90.2 million units sold at N45.1 million, while Oando transacted 51.8 million shares valued at N223 million.

Also, Fidson sold 49.4 million units at N61.2 million, Champion Breweries exchanged 34.6 million shares worth N85.1 million, while Sterling Bank traded 30.2 million shares valued at N22.2 million.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

Economic Recovery: Fashola Charges Youths to Keep Hope Alive
Previous Story

Economic Recovery: Fashola Charges Youths to Keep Hope Alive

Ibori Regains Freedom From UK Prison
Next Story

Ibori Regains Freedom From UK Prison

Latest from Economy

Don't Miss