NSE Indices Further Shed 0.69% as Investors Lose N48b
By Modupe Gbadeyanka
Market indicators of the Nigerian Stock Exchange (NSE) dipped further on Tuesday, January 31, 2017 as profit taking persisted, Business Post reports.
The stock market, which lost N38 billion on Monday, further went down by N48 billion at the close of trading activities today.
The major market indicator, the all-share index depreciated by 180.94 points or 0.69 percent to close at 26,036.24 points, while the market capitalisation declined by N48 billion to finish below N9 trillion for the first time in some months at N8.97 trillion.
First Bank Holdings, Unity Kapital Assurance and Transcorp led the market turnover on Tuesday.
While First Bank Holdings accounted for 32.4 million shares at NN113.2 million, Unity Kapital exchanged 23.1 million units valued at N11.5 million and Transcorp traded 13.4 million shares worth N10.7 million.
Nestle emerged the highest loser on the floor of the NSE today, going down by N23 to close at N727 per share.
Total followed with a loss of N8.95k to finish at N290.1k per share after closing N298.96k per share the previous day.
Also, Forte Oil depreciated by N2.78k to end at N71.22k per share against N74 per share it ended yesterday.
In the same vein, Nigerian Breweries fell by N2.20k to finish at N139.80k per share, while 7up crashed by N1.30k to close at N112.10k per share.
On the other end, Mobil topped the gainers’ chart with a gain of N5.44k to close N270 per share, while Unilever appreciated by N2.10k to finish at N35.50k per share.
Lafarge, which closed N40.43k on Monday, increased by 58k to end at N41.1k per share, while Africa Prudential Registrars Plc, which finished at N3.3k per share, closed at N3.16k per share today after growing by 13k.
UACN completed the top five gainers’ table after improving by 9k to finish at N16.50k per share compared with N16.41k closed on Monday.
Business Post reports that bought and sold a total of 205.8 million shares at the market today worth N2.8 billion executed in 2,914 deals.