NSE: Stock Market Sinks Further with N48.4b Loss
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) closed further in the red territory on Tuesday amid profit taking by investors, Business Post reports.
The market capitalisation depreciated by N48.4 billion to close at N8.77 trillion, while the all-share index went down by 140.43 points or 0.55 percent to finish at 25,446.66 points.
The volume of share exchanged on the floor of the stock exchange today finished higher with investors trading a total of 207.2 million shares valued at N1.6 billion in 2,791 deals compared with the 152.4 million units achieved yesterday in 2,706 deals at N903.5 million.
A total of 22 stocks depreciated at the NSE on Tuesday against 14 equities that rose at the close of trading activities.
Nestle led the losers’ log today after crashing by N34 to close at N646 per share, while Forte Oil declined by N3.93k to finish at N56.82k per share.
Nigerian Breweries went down by N2.60k to end at N130.90k per share, Guinness weakened by N1.24k to finish at N64.98k per share and International Breweries fell by 84k to close at N16.15k per share.
Conversely, Total progressed by N8 closing at N270 per share to lead the advancing stocks, while Presco went up by N2.18k to end at N46.30k per share.
Beta Glass appreciated by N1.50k to finish at N31.50k per share, Dangote Cement advanced by 99k to close at N166 per share and GTBank grew by 42k to end at N23.50k per share.